Verdence Capital Advisors LLC Buys 516 Shares of Transdigm Group Incorporated $TDG

Verdence Capital Advisors LLC boosted its stake in Transdigm Group Incorporated (NYSE:TDG) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,011 shares of the aerospace company’s stock after buying an additional 516 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Transdigm Group were worth $3,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Stockbridge Partners LLC purchased a new position in Transdigm Group in the second quarter valued at about $578,480,000. Veritas Asset Management LLP increased its position in Transdigm Group by 3.0% in the 2nd quarter. Veritas Asset Management LLP now owns 137,969 shares of the aerospace company’s stock worth $183,780,000 after purchasing an additional 3,995 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Transdigm Group by 106.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company’s stock worth $522,754,000 after purchasing an additional 202,300 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Transdigm Group during the 1st quarter worth about $5,772,000. Finally, Walter Public Investments Inc. raised its stake in shares of Transdigm Group by 109.8% during the 1st quarter. Walter Public Investments Inc. now owns 5,224 shares of the aerospace company’s stock worth $6,054,000 after purchasing an additional 2,734 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim started coverage on Transdigm Group in a report on Tuesday, September 15th. They set a “neutral” rating for the company. Morgan Stanley reduced their target price on shares of Transdigm Group from $1,400.00 to $1,300.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Royal Bank Of Canada decreased their target price on shares of Transdigm Group from $1,350.00 to $1,200.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Finally, Wall Street Zen downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Transdigm Group presently has an average rating of “Hold” and a consensus price target of $1,428.40.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,131.51 on Wednesday. The stock’s 50 day simple moving average is $1,132.91 and its 200 day simple moving average is $1,232.20. Transdigm Group Incorporated has a twelve month low of $1,071.25 and a twelve month high of $1,463.03. The company has a market capitalization of $63.29 billion, a price-to-earnings ratio of 34.33 and a beta of 0.96.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company earned $9.60 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In related news, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 4,100 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,060,944. This represents a 53.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,032 shares of company stock worth $26,250,979 in the last quarter. Insiders own 3.20% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated (NYSE: TDG) is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.