Transdigm Group Incorporated $TDG Stake Cut by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its position in Transdigm Group Incorporated (NYSE:TDG) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 416,854 shares of the aerospace company’s stock after selling 6,575 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Transdigm Group were worth $576,631,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TDG. Jump Financial LLC acquired a new position in Transdigm Group in the 4th quarter worth about $350,000. MML Investors Services LLC increased its position in Transdigm Group by 5.8% in the 4th quarter. MML Investors Services LLC now owns 5,521 shares of the aerospace company’s stock worth $6,997,000 after purchasing an additional 301 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Transdigm Group by 2.1% in the 4th quarter. OneDigital Investment Advisors LLC now owns 690 shares of the aerospace company’s stock worth $874,000 after purchasing an additional 14 shares during the last quarter. Dark Forest Capital Management LP increased its position in Transdigm Group by 8.2% in the 4th quarter. Dark Forest Capital Management LP now owns 592 shares of the aerospace company’s stock worth $750,000 after purchasing an additional 45 shares during the last quarter. Finally, Syon Capital LLC increased its position in Transdigm Group by 25.9% in the 4th quarter. Syon Capital LLC now owns 399 shares of the aerospace company’s stock worth $506,000 after purchasing an additional 82 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was 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 owned 3,400 shares in the company, valued at $4,930,000. This represents a 34.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,172 shares of company stock worth $93,910,577 in the last 90 days. 4.09% of the stock is owned by company insiders.

Analyst Ratings Changes

TDG has been the topic of several research reports. KeyCorp dropped their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company increased their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. The Goldman Sachs Group increased their price objective on 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 increased their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Stifel Nicolaus started coverage on Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,624.69.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,406.9420 on Friday. The firm has a market cap of $79.28 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.94 and a beta of 1.07. The business’s 50-day simple moving average is $1,498.97 and its 200-day simple moving average is $1,414.83. 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 announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company earned $9.00 EPS. Transdigm Group’s revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

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.