Y Intercept Hong Kong Ltd Has $13.77 Million Holdings in Transdigm Group Incorporated $TDG

Y Intercept Hong Kong Ltd grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 284.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,052 shares of the aerospace company’s stock after purchasing an additional 6,698 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Transdigm Group were worth $13,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Transdigm Group during the 1st quarter worth approximately $168,048,000. Bain Capital Public Equity Management II LLC bought a new stake in shares of Transdigm Group during the 1st quarter worth approximately $157,890,000. Vanguard Group Inc. lifted its holdings in shares of Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Transdigm Group by 56.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock worth $299,362,000 after acquiring an additional 71,399 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Transdigm Group by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after acquiring an additional 67,547 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of the firm’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 completion of the transaction, the director owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 21,548 shares of the company’s stock, valued at $27,988,050.76. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock worth $27,800,332 over the last ninety days. Insiders own 4.09% of the company’s stock.

Transdigm Group Stock Performance

TDG stock opened at $1,359.71 on Monday. The company has a fifty day moving average price of $1,316.00 and a 200-day moving average price of $1,406.47. The company has a market capitalization of $76.62 billion, a P/E ratio of 45.13, a PEG ratio of 3.34 and a beta of 1.02. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate 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 was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $90.00 per share. The ex-dividend date of this dividend 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 a number of recent analyst reports. Citigroup upped their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Susquehanna cut their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Jefferies Financial Group cut their price target on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Truist Financial dropped their price objective 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. Finally, Morgan Stanley dropped their price objective 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, October 15th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Transdigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

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.