Allspring Global Investments Holdings LLC Boosts Stock Position in Transdigm Group Incorporated $TDG

Allspring Global Investments Holdings LLC boosted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 16.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,536 shares of the aerospace company’s stock after buying an additional 2,389 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Transdigm Group were worth $25,016,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new position in Transdigm Group in the first quarter valued at $168,048,000. Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group in the first quarter valued at $157,890,000. Vanguard Group Inc. boosted its stake in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after acquiring an additional 89,121 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Transdigm Group by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock valued at $378,917,000 after acquiring an additional 67,547 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Transdigm Group in the second quarter valued at $94,085,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the completion of the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,593,852. This trade represents a 45.45% 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 $28,755,142 in the last three months. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Performance

Shares of TDG opened at $1,249.01 on Friday. The company has a market capitalization of $70.38 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a 50-day simple moving average of $1,326.37 and a 200-day simple moving average of $1,404.28.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data 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 net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Wall Street Analyst Weigh In

TDG has been the subject of several research analyst reports. Jefferies Financial Group decreased their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. UBS Group upped their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Susquehanna decreased their price objective on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Morgan Stanley decreased their target price on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Truist Financial decreased their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

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.