Fred Alger Management LLC Cuts Position in Transdigm Group Incorporated $TDG

Fred Alger Management LLC lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,987 shares of the aerospace company’s stock after selling 5,725 shares during the period. Fred Alger Management LLC’s holdings in Transdigm Group were worth $23,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. Vanguard Group Inc. lifted its position in shares of Transdigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company’s stock valued at $8,982,225,000 after acquiring an additional 121,049 shares during the period. Capital International Investors grew its holdings in shares of Transdigm Group by 4.1% in the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock worth $8,552,028,000 after acquiring an additional 254,750 shares during the period. Principal Financial Group Inc. increased its stake in Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after purchasing an additional 367,756 shares in the last quarter. State Street Corp raised its holdings in Transdigm Group by 2.5% during the second quarter. State Street Corp now owns 2,343,288 shares of the aerospace company’s stock worth $3,563,297,000 after purchasing an additional 56,141 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Transdigm Group by 10.2% during the third quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company’s stock worth $2,909,850,000 after purchasing an additional 203,997 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Transdigm Group

In other news, Director Kevin M. Stein sold 36,925 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $1,425.79, for a total value of $52,647,295.75. Following the completion of the transaction, the director owned 19,233 shares of the company’s stock, valued at $27,422,219.07. The trade was a 65.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 10,168 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total transaction of $13,296,490.24. Following the transaction, the director directly owned 21,548 shares in the company, valued at $28,177,888.64. The trade was a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 112,648 shares of company stock valued at $157,721,963. Corporate insiders own 3.20% of the company’s stock.

Transdigm Group Stock Up 2.7%

Shares of NYSE:TDG opened at $1,247.63 on Tuesday. The company has a market capitalization of $70.45 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.55 and a beta of 0.93. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The stock’s fifty day simple moving average is $1,342.06 and its 200-day simple moving average is $1,321.24.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 3rd. The aerospace company reported $8.23 EPS for the quarter, topping analysts’ consensus estimates of $7.99 by $0.24. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $7.83 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. UBS Group lowered their target price on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. KeyCorp lowered shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. Robert W. Baird reissued a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Transdigm Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Transdigm Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,584.44.

Transdigm Group Company 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.