Securian Asset Management Inc. Sells 41 Shares of Transdigm Group Incorporated $TDG

Securian Asset Management Inc. lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,936 shares of the aerospace company’s stock after selling 41 shares during the quarter. Securian Asset Management Inc.’s holdings in Transdigm Group were worth $4,465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Saudi Central Bank bought a new stake in Transdigm Group during the 1st quarter worth about $30,000. Park Square Financial Group LLC grew its holdings in Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 9 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Transdigm Group during the 2nd quarter worth about $47,000. Finally, Hilltop National Bank bought a new stake in Transdigm Group during the 2nd quarter worth about $71,000. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Price Performance

Shares of NYSE:TDG opened at $1,329.45 on Wednesday. The company has a market capitalization of $74.91 billion, a price-to-earnings ratio of 44.12, a P/E/G ratio of 3.03 and a beta of 1.02. The firm’s 50 day simple moving average is $1,320.09 and its 200 day simple moving average is $1,403.64. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG) last announced 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 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%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The company also recently declared 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 a positive change from Transdigm Group’s previous special dividend of $75.00.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research reports. Susquehanna cut their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group cut their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. BMO Capital Markets initiated coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 target price on the stock. Royal Bank Of Canada downgraded shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Finally, Morgan Stanley cut their target price 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. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Graff sold 1,760 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,232 shares of company stock valued at $27,800,332. Corporate insiders own 4.09% of the company’s stock.

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.