DekaBank Deutsche Girozentrale Acquires 555 Shares of Transdigm Group Incorporated $TDG

DekaBank Deutsche Girozentrale raised its holdings in Transdigm Group Incorporated (NYSE:TDG) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,877 shares of the aerospace company’s stock after acquiring an additional 555 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Transdigm Group were worth $44,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% during 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 during the period. Saudi Central Bank acquired a new position in Transdigm Group during the 1st quarter worth about $30,000. Park Square Financial Group LLC grew its position in shares of Transdigm Group by 36.0% in the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock valued at $47,000 after buying an additional 9 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Transdigm Group in the second quarter valued at about $47,000. Finally, Hilltop National Bank bought a new position in shares of Transdigm Group during the second quarter worth about $71,000. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDG has been the topic of several analyst reports. Truist Financial reduced their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. 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. Stifel Nicolaus began coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 target price for the company. Citigroup upped their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, BMO Capital Markets began coverage on Transdigm Group in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

Transdigm Group Trading Up 2.1%

TDG opened at $1,329.45 on Wednesday. The company has a fifty day moving average price of $1,320.09 and a two-hundred day moving average price of $1,403.64. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The company has a market cap of $74.91 billion, a P/E ratio of 44.12, a price-to-earnings-growth ratio of 3.03 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS 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 firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $9.00 earnings per share. The business’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 fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company’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 transaction, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group 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 transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,593,852. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock valued at $27,800,332 over the last ninety days. Company insiders own 4.09% of the company’s stock.

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.