Global Retirement Partners LLC bought a new stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 786 shares of the aerospace company’s stock, valued at approximately $1,047,000.
Several other hedge funds also recently modified their holdings of TDG. Ares Financial Consulting LLC purchased a new stake in shares of Transdigm Group during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new position in Transdigm Group in the 4th quarter worth approximately $25,000. Burkett Financial Services LLC purchased a new stake in Transdigm Group during the 2nd quarter worth about $25,000. MCF Advisors LLC increased its holdings in shares of Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Transdigm Group by 1,900.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.
Analyst Upgrades and Downgrades
TDG has been the subject of several research reports. Susquehanna cut their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus reiterated a “hold” rating and set a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. UBS Group raised their target price on Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Transdigm Group has a consensus rating of “Hold” and a consensus price target of $1,463.71.
Transdigm Group Price Performance
NYSE:TDG opened at $1,236.76 on Wednesday. The company has a market cap of $69.17 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03. The stock’s 50 day simple moving average is $1,272.09 and its two-hundred day simple moving average is $1,250.15.
Transdigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the company earned $9.60 EPS. The company’s revenue 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. As a group, analysts anticipate that Transdigm Group Incorporated will post 38.81 EPS for the current year.
Insider Activity
In related news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the transaction, the director directly owned 21,548 shares in the company, valued at approximately $26,204,091.84. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,459,536. The trade was a 52.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,064 shares of company stock worth $35,501,609. 3.20% of the stock is currently owned by insiders.
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.
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