Retirement Systems of Alabama Has $70.36 Million Stock Position in Transdigm Group Incorporated $TDG

Retirement Systems of Alabama reduced its holdings in Transdigm Group Incorporated (NYSE:TDG) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,267 shares of the aerospace company’s stock after selling 608 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Transdigm Group worth $70,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. bought a new stake in shares of Transdigm Group in the 1st quarter valued at $387,000. Equitable Trust Co. boosted its stake in shares of Transdigm Group by 8.2% in the 2nd quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock valued at $9,688,000 after purchasing an additional 484 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock valued at $11,970,000 after purchasing an additional 380 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Transdigm Group by 5.4% in the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after purchasing an additional 5,369 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its stake in shares of Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock valued at $1,908,000 after purchasing an additional 460 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. BMO Capital Markets began coverage on shares of Transdigm Group in a research note on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 target price on the stock. Truist Financial decreased their price target 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, October 15th. Morgan Stanley cut their price objective on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada cut shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,564.56.

Transdigm Group Trading Down 1.5%

Transdigm Group stock opened at $1,314.98 on Thursday. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The firm has a market capitalization of $74.10 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02. The firm’s fifty day moving average price is $1,312.34 and its two-hundred day moving average price is $1,407.04.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $9.00 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders 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 of this dividend was Tuesday, September 2nd.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Kevin M. Stein sold 700 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $1,360.00, for a total value of $952,000.00. Following the transaction, the director directly owned 8,158 shares of the company’s stock, valued at approximately $11,094,880. This trade represents a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director directly owned 83,419 shares in the company, valued at $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 22,512 shares of company stock valued at $29,538,093. Corporate insiders own 4.09% of the company’s stock.

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.