Transdigm Group Incorporated $TDG Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,257 shares of the aerospace company’s stock after selling 2,009 shares during the quarter. Rafferty Asset Management LLC’s holdings in Transdigm Group were worth $11,422,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its stake in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the 4th quarter valued at $32,000. Wayfinding Financial LLC bought a new stake in shares of Transdigm Group during the 1st quarter worth $75,000. Finally, CVA Family Office LLC grew its holdings in shares of Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company’s stock worth $80,000 after acquiring an additional 32 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Transdigm Group Trading Down 1.2%

Shares of NYSE:TDG opened at $1,397.00 on Thursday. The business has a fifty day simple moving average of $1,497.69 and a 200 day simple moving average of $1,416.76. 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 cap of $78.72 billion, a price-to-earnings ratio of 46.37, a P/E/G ratio of 2.99 and a beta of 1.07.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings results 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). The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the subject of several research analyst reports. KeyCorp reduced their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. The Goldman Sachs Group increased their target price 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. Susquehanna lifted their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,624.69.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. This represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of Transdigm Group 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,932 shares of company stock valued at $96,378,273. 4.09% of the stock is owned by company insiders.

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.