Russell Investments Group Ltd. increased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 0.6% during the second quarter, HoldingsChannel reports. The fund owned 69,056 shares of the aerospace company’s stock after buying an additional 415 shares during the period. Russell Investments Group Ltd.’s holdings in Transdigm Group were worth $104,994,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Transdigm Group by 1.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,343 shares of the aerospace company’s stock worth $6,604,000 after buying an additional 66 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in Transdigm Group by 152,000.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,521 shares of the aerospace company’s stock worth $2,313,000 after purchasing an additional 1,520 shares in the last quarter. RiverFront Investment Group LLC acquired a new position in shares of Transdigm Group during the 2nd quarter valued at $234,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Transdigm Group by 8.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,860 shares of the aerospace company’s stock worth $11,952,000 after purchasing an additional 630 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in Transdigm Group by 21.0% in the 2nd quarter. Insigneo Advisory Services LLC now owns 363 shares of the aerospace company’s stock worth $551,000 after acquiring an additional 63 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Transdigm Group
In other news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $1,334.92, for a total transaction of $3,652,341.12. Following the transaction, the director directly owned 21,548 shares in the company, valued at $28,764,856.16. The trade was a 11.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Patrick Joseph Murphy sold 290 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $1,310.00, for a total value of $379,900.00. Following the completion of the transaction, the chief operating officer owned 1,055 shares in the company, valued at $1,382,050. This trade represents a 21.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 36,086 shares of company stock worth $47,639,028. 4.09% of the stock is currently owned by company insiders.
Transdigm Group Price Performance
Transdigm Group (NYSE:TDG – Get Free Report) last issued its earnings results on Wednesday, November 12th. The aerospace company reported $10.82 EPS for the quarter, topping the consensus estimate of $10.33 by $0.49. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm posted $9.83 earnings per share. Transdigm Group’s revenue was up 11.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. Sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
TDG has been the subject of a number of recent analyst reports. Susquehanna decreased their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Zacks Research lowered Transdigm Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. KeyCorp decreased their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Morgan Stanley increased their price target on Transdigm Group from $1,600.00 to $1,660.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, BNP Paribas Exane assumed coverage on shares of Transdigm Group in a research note on Tuesday, November 18th. They set an “outperform” rating and a $1,775.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,576.29.
View Our Latest Analysis on TDG
About Transdigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.
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