Ameritas Advisory Services LLC Buys New Stake in Transdigm Group Incorporated $TDG

Ameritas Advisory Services LLC purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31 shares of the aerospace company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Vanguard Group Inc. increased its stake in Transdigm Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Transdigm Group by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock worth $504,840,000 after purchasing an additional 14,703 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Transdigm Group by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company’s stock worth $490,533,000 after purchasing an additional 12,842 shares during the period. Goldman Sachs Group Inc. raised its position in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock valued at $378,917,000 after purchasing an additional 67,547 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its position in shares of Transdigm Group by 5.6% during the first quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock worth $344,543,000 after buying an additional 13,286 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Trading Up 1.2%

NYSE:TDG opened at $1,293.38 on Tuesday. The stock’s 50 day simple moving average is $1,335.27 and its 200-day simple moving average is $1,407.02. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm has a market cap of $72.88 billion, a P/E ratio of 42.93, a PEG ratio of 2.79 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last posted 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). The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

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

Insiders Place Their Bets

In other news, 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 value 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 $2,753,724.40. This trade represents a 47.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at $27,634,663.56. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,496 shares of company stock valued at $25,201,434. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TDG. The Goldman Sachs Group raised their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Royal Bank Of Canada lowered shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Truist Financial increased their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Jefferies Financial Group dropped their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, KeyCorp dropped their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,579.13.

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.