Retirement Systems of Alabama Lowers Stock Position in Transdigm Group Incorporated $TDG

Retirement Systems of Alabama lowered its position in Transdigm Group Incorporated (NYSE:TDG) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 46,267 shares of the aerospace company’s stock after selling 608 shares during the period. Retirement Systems of Alabama’s holdings in Transdigm Group were worth $70,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC raised 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 purchasing an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the first quarter valued at about $30,000. Bank of Jackson Hole Trust raised its holdings in shares of Transdigm Group by 84.6% in the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Transdigm Group by 1,250.0% in the second quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Transdigm Group during the second quarter worth about $47,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Down 1.5%

Shares of NYSE:TDG opened at $1,314.98 on Thursday. The firm has a market capitalization of $74.10 billion, a PE ratio of 43.64, a P/E/G ratio of 3.30 and a beta of 1.02. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company has a 50-day moving average price of $1,312.34 and a two-hundred day moving average price of $1,407.04.

Transdigm Group (NYSE:TDG) last issued its 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $9.00 EPS. Transdigm Group’s revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share 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 given a $90.00 dividend. This is an increase from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,512 shares of company stock valued at $29,538,093 in the last three months. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TDG shares. Jefferies Financial Group decreased their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. UBS Group raised their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Susquehanna decreased their price objective 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. Finally, Royal Bank Of Canada downgraded shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

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.