Renaissance Technologies LLC Buys Shares of 19,780 Transdigm Group Incorporated $TDG

Renaissance Technologies LLC bought a new position in Transdigm Group Incorporated (NYSE:TDG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,780 shares of the aerospace company’s stock, valued at approximately $22,924,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Ares Financial Consulting LLC bought a new stake in shares of Transdigm Group in the 4th quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Transdigm Group in the fourth quarter worth approximately $25,000. MCF Advisors LLC raised its position in Transdigm Group by 900.0% during the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 18 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 19 shares during the last quarter. Finally, Colonial Trust Co SC grew its position in Transdigm Group by 162.5% in the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 13 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Transdigm Group

In other news, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1,180.82, for a total value of $11,964,068.24. Following the sale, the director owned 21,548 shares in the company, valued at approximately $25,444,309.36. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,596,408. This trade represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,196 shares of company stock worth $47,135,464. Company insiders own 3.20% of the company’s stock.

Transdigm Group Price Performance

TDG stock opened at $1,265.29 on Thursday. The stock has a market capitalization of $70.77 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a 50-day moving average of $1,267.65 and a two-hundred day moving average of $1,267.44. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, topping analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company posted $9.11 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. Equities analysts expect that Transdigm Group Incorporated will post 37.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. BNP Paribas Exane decreased their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company initiated coverage on shares of Transdigm Group in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 target price on the stock. UBS Group cut their target price on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,477.47.

Transdigm Group Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.