State of New Jersey Common Pension Fund D Buys 75 Shares of Transdigm Group Incorporated $TDG

State of New Jersey Common Pension Fund D grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,645 shares of the aerospace company’s stock after buying an additional 75 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Transdigm Group were worth $28,352,000 as of its most recent filing with the Securities and Exchange Commission.

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

Transdigm Group Stock Performance

NYSE TDG opened at $1,359.71 on Friday. The stock has a market capitalization of $76.62 billion, a price-to-earnings ratio of 45.13, a PEG ratio of 3.32 and a beta of 1.02. The stock’s 50 day moving average price is $1,316.00 and its two-hundred day moving average price is $1,404.63. 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 posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently declared 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. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets assumed coverage on Transdigm Group in a report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective on the stock. Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Morgan Stanley cut their target price on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Finally, KeyCorp cut their target price 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 investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

Insider Buying and Selling

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the transaction, the director owned 83,419 shares of the company’s stock, valued at $106,524,394.62. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the transaction, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock worth $27,800,332 over the last 90 days. Company insiders own 4.09% of the company’s stock.

Transdigm Group 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.