NBT Bank N.A. purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,185 shares of the aerospace company’s stock, valued at approximately $1,283,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDG. SBI Securities Co. Ltd. lifted its holdings in shares of Transdigm Group by 5.8% in the third quarter. SBI Securities Co. Ltd. now owns 238 shares of the aerospace company’s stock valued at $258,000 after purchasing an additional 13 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Transdigm Group during the third quarter valued at approximately $32,000. Axxcess Wealth Management LLC grew its holdings in Transdigm Group by 118.0% during the third quarter. Axxcess Wealth Management LLC now owns 388 shares of the aerospace company’s stock worth $420,000 after buying an additional 210 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in Transdigm Group during the third quarter worth $431,000. Finally, Integrated Advisors Network LLC grew its holdings in Transdigm Group by 2.1% during the third quarter. Integrated Advisors Network LLC now owns 1,222 shares of the aerospace company’s stock worth $1,323,000 after buying an additional 25 shares in the last quarter. 95.78% of the stock is owned by institutional investors.
Transdigm Group Stock Down 3.2%
Shares of NYSE TDG opened at $1,105.65 on Friday. The company has a market capitalization of $61.84 billion, a PE ratio of 33.55, a PEG ratio of 1.63 and a beta of 0.96. The stock’s 50 day moving average price is $1,135.66 and its 200-day moving average price is $1,205.87. Transdigm Group Incorporated has a twelve month low of $1,071.25 and a twelve month high of $1,463.03.
Transdigm Group (NYSE:TDG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company posted $9.60 earnings per share. Transdigm Group’s quarterly 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, research analysts expect that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TDG. BMO Capital Markets lowered their price target on Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transdigm Group in a report on Friday, August 28th. UBS Group upped their target price on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada reduced 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 note on Thursday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,428.40.
Check Out Our Latest Research Report on TDG
Insiders Place Their Bets
In other Transdigm Group news, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction dated 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 sale, the director owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. The trade was 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 link. Also, COO Joel Reiss sold 4,100 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,060,944. The trade was a 53.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,032 shares of company stock worth $26,250,979 over the last quarter. Company insiders own 3.20% of the company’s stock.
Transdigm Group Profile
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.
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