Louisiana State Employees Retirement System bought a new stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,900 shares of the aerospace company’s stock, valued at approximately $3,361,000.
Several other hedge funds have also recently modified their holdings of TDG. Ares Financial Consulting LLC acquired a new position in Transdigm Group in the 4th quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in shares of Transdigm Group in the 4th quarter worth $25,000. MCF Advisors LLC boosted its holdings in shares of 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. Transamerica Financial Advisors LLC increased its stake in shares of Transdigm Group by 1,900.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 19 shares during the period. Finally, Colonial Trust Co SC increased its stake in shares of Transdigm Group by 162.5% during the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 13 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TDG shares. BMO Capital Markets reduced their price objective on shares of Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Royal Bank Of Canada dropped their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Stifel Nicolaus reduced their price target on 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,513.56.
Insider Buying and Selling
In related news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,596,408. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $28,433,663.40. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,096 shares of company stock worth $52,625,524. Insiders own 3.20% of the company’s stock.
Transdigm Group Trading Down 0.5%
TDG stock opened at $1,326.55 on Friday. The company’s 50-day moving average price is $1,231.35 and its 200 day moving average price is $1,275.28. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,623.82. The company has a market cap of $74.19 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.31 and a beta of 0.91.
Transdigm Group (NYSE:TDG – Get Free Report) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the company posted $9.11 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, equities research analysts expect that Transdigm Group Incorporated will post 37.99 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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