Voleon Capital Management LP Acquires New Position in Transdigm Group Incorporated $TDG

Key Points

• Voleon Capital Management LP acquired 649 shares of Transdigm Group, valued at approximately $898,000, during the first quarter of the year.
• Institutional investors own 95.78% of Transdigm Group's stock, indicating strong market confidence, with several firms increasing their stakes significantly.
• The company announced a special dividend payment of $90.00 to be issued on September 12, up from the previous special dividend of $75.00.

Voleon Capital Management LP acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 649 shares of the aerospace company's stock, valued at approximately $898,000.

Several other institutional investors also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the period. Saudi Central Bank purchased a new stake in shares of Transdigm Group during the 1st quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group during the 4th quarter valued at $32,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group during the 1st quarter valued at $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Stock Performance

Shares of TDG stock traded down $20.91 during trading hours on Friday, hitting $1,272.39. 395,960 shares of the company were exchanged, compared to its average volume of 384,129. The stock has a market capitalization of $71.70 billion, a price-to-earnings ratio of 42.23, a P/E/G ratio of 2.73 and a beta of 1.03. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The business's 50-day simple moving average is $1,457.03 and its two-hundred day simple moving average is $1,416.52.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Graff sold 1,760 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director directly owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,232 shares of company stock worth $23,998,436. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Morgan Stanley lifted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. UBS Group lifted their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Citigroup lifted their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

About Transdigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.