Meeder Advisory Services Inc. purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,320 shares of the aerospace company’s stock, valued at approximately $1,759,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ares Financial Consulting LLC bought a new stake in shares of Transdigm Group in the 4th quarter worth approximately $25,000. Elyxium Wealth LLC purchased a new stake in Transdigm Group in the fourth quarter worth $25,000. Burkett Financial Services LLC purchased a new stake in Transdigm Group in the second quarter worth $25,000. MCF Advisors LLC boosted its holdings in Transdigm Group by 900.0% in 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. Finally, Transamerica Financial Advisors LLC boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.
Wall Street Analyst Weigh In
TDG has been the subject of several research reports. Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. Susquehanna decreased their price target on shares of 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. Stifel Nicolaus reissued a “hold” rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,463.71.
Insider Activity
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,459,536. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $26,204,091.84. This represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,064 shares of company stock worth $35,501,609 in the last three months. 3.20% of the stock is currently owned by insiders.
Transdigm Group Trading Down 0.1%
Shares of Transdigm Group stock opened at $1,236.76 on Wednesday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,463.03. The firm has a market capitalization of $69.17 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.10 and a beta of 0.91. The business has a fifty day simple moving average of $1,272.09 and a two-hundred day simple moving average of $1,250.15.
Transdigm Group (NYSE:TDG – Get Free Report) last released its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.
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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