Brasada Capital Management LP cut its position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,776 shares of the aerospace company’s stock after selling 1,766 shares during the quarter. Transdigm Group accounts for about 1.3% of Brasada Capital Management LP’s portfolio, making the stock its 18th biggest holding. Brasada Capital Management LP’s holdings in Transdigm Group were worth $7,846,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TDG. Vulcan Value Partners LLC grew its stake in Transdigm Group by 7.8% in the third quarter. Vulcan Value Partners LLC now owns 249,643 shares of the aerospace company’s stock valued at $328,977,000 after purchasing an additional 18,048 shares in the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Transdigm Group in the 3rd quarter valued at approximately $62,785,000. Franklin Resources Inc. boosted its holdings in shares of Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after buying an additional 293,821 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Transdigm Group in the 3rd quarter valued at approximately $1,795,000. Finally, Davidson Capital Management Inc. acquired a new stake in shares of Transdigm Group in the 3rd quarter valued at approximately $2,697,000. 95.78% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on TDG shares. BMO Capital Markets cut their price objective on Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group increased their price objective on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Wells Fargo & Company started coverage on Transdigm Group in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price objective for the company. Royal Bank Of Canada cut their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, BNP Paribas Exane cut their price objective on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,524.18.
Transdigm Group Price Performance
NYSE:TDG opened at $1,255.58 on Friday. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,623.82. The company has a market cap of $70.22 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.20 and a beta of 0.91. The firm’s fifty day moving average price is $1,211.68 and its two-hundred day moving average price is $1,277.80.
Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating the consensus estimate of $9.46 by $0.39. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the company earned $9.11 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 37.82 earnings per share for the current year.
Insider Buying and Selling at Transdigm Group
In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the transaction, the director directly owned 21,548 shares in the company, valued at $26,138,801.40. The trade was a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,154.09, for a total transaction of $4,500,951.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,154,724. This represents a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,096 shares of company stock worth $51,417,454. Corporate insiders own 3.20% of the company’s stock.
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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