Vaughan Nelson Investment Management L.P. Acquires New Shares in Transdigm Group Incorporated $TDG

Vaughan Nelson Investment Management L.P. acquired a new stake in Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 61,872 shares of the aerospace company’s stock, valued at approximately $94,085,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its holdings in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank bought a new position in Transdigm Group in the first quarter worth about $30,000. Park Square Financial Group LLC raised its holdings in Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Transdigm Group in the second quarter worth about $47,000. 95.78% of the stock is currently owned by institutional investors.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the transaction, the director directly owned 83,419 shares of the company’s stock, valued at $106,524,394.62. The trade was a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $29,496,571 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TDG. Weiss Ratings reiterated a “buy (b)” rating on shares of Transdigm Group in a report on Saturday, September 27th. KeyCorp reduced their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Jefferies Financial Group reduced their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,588.50.

Transdigm Group Stock Up 0.5%

Shares of NYSE TDG opened at $1,290.47 on Friday. The business’s 50 day moving average price is $1,373.81 and its 200 day moving average price is $1,410.35. The firm has a market cap of $72.72 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.32 and a beta of 1.02. 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) last issued its 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 analysts’ expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

Transdigm Group Company 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.