WBI Investments LLC Makes New Investment in Transdigm Group Incorporated $TDG

Key Points

• WBI Investments LLC has made a new investment in Transdigm Group, acquiring 1,134 shares valued at approximately $1,569,000 in the 1st quarter of the year.
• Analysts are optimistic about Transdigm Group, with UBS and Truist both increasing their target prices and maintaining a "buy" rating, reflecting a consensus rating of "Moderate Buy" with an average price target of $1,607.57.
• Transdigm Group recently announced a special dividend of $90.00 per share, up from the previous special dividend of $75.00, further indicating strong financial performance despite a slight miss on their latest earnings report.

WBI Investments LLC purchased a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,134 shares of the aerospace company's stock, valued at approximately $1,569,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bruce G. Allen Investments LLC boosted its position 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 acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC boosted its position 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 acquiring an additional 7 shares during the last quarter. Saudi Central Bank bought a new position in shares of Transdigm Group during the 1st quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new position in shares of Transdigm Group during the 4th quarter valued at approximately $32,000. Finally, Wayfinding Financial LLC bought a new position in shares of Transdigm Group during the 1st quarter valued at approximately $75,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDG shares. UBS Group increased their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Truist Financial increased their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Susquehanna increased their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $1,550.00 to $1,385.00 in a research report on Monday. Finally, Morgan Stanley raised their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,607.57.

Insider Activity at Transdigm Group

In other news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of the business's stock in a transaction on 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 $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,032 shares of company stock valued at $26,608,436 over the last ninety days. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 1.8%

NYSE TDG opened at $1,288.72 on Thursday. The company has a fifty day moving average of $1,466.63 and a two-hundred day moving average of $1,416.53. The firm has a market capitalization of $72.62 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.77 and a beta of 1.03. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

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

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

Transdigm Group Profile

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.

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