Truist Financial Corp trimmed its stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,011 shares of the aerospace company’s stock after selling 412 shares during the period. Truist Financial Corp’s holdings in Transdigm Group were worth $5,333,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the business. Pittenger & Anderson Inc. boosted its position in shares of Transdigm Group by 7.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 10,735 shares of the aerospace company’s stock valued at $14,276,000 after acquiring an additional 723 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Transdigm Group during the 4th quarter valued at about $89,981,000. Oppenheimer & Co. Inc. lifted its holdings in Transdigm Group by 1.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,507 shares of the aerospace company’s stock valued at $2,004,000 after purchasing an additional 19 shares during the last quarter. Sigma Planning Corp bought a new position in Transdigm Group during the 4th quarter valued at about $212,000. Finally, Delta Investment Management LLC lifted its holdings in Transdigm Group by 2.3% during the 4th quarter. Delta Investment Management LLC now owns 7,132 shares of the aerospace company’s stock valued at $9,485,000 after purchasing an additional 160 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on TDG shares. KeyCorp downgraded shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Susquehanna cut 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 report on Wednesday, May 6th. Stifel Nicolaus cut their price target on shares of Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company started coverage on shares of Transdigm Group in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,538.73.
Insider Activity at Transdigm Group
In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $1,280.46, for a total value of $4,993,794.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,609,656. This represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $28,177,888.64. This trade represents a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,232 shares of company stock valued at $48,248,925 in the last quarter. Corporate insiders own 3.20% of the company’s stock.
Transdigm Group Trading Down 0.1%
Shares of NYSE TDG opened at $1,213.79 on Monday. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The company has a market cap of $67.89 billion, a PE ratio of 37.88, a P/E/G ratio of 2.42 and a beta of 0.90. The company has a 50-day moving average of $1,217.81 and a two-hundred day moving average of $1,295.83.
Transdigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share for the quarter, topping analysts’ consensus estimates of $9.46 by $0.39. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. Transdigm Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.11 earnings per share. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 36.71 earnings per share for the current year.
About Transdigm Group
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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