Riggs Asset Managment Co. Inc. Sells 596 Shares of Transdigm Group Incorporated $TDG

Riggs Asset Managment Co. Inc. decreased its position in Transdigm Group Incorporated (NYSE:TDG) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,214 shares of the aerospace company’s stock after selling 596 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in Transdigm Group were worth $5,604,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock worth $3,136,719,000 after acquiring an additional 367,756 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Transdigm Group by 161.7% during the third quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after acquiring an additional 293,821 shares during the last quarter. Capital International Investors raised its stake in shares of Transdigm Group by 4.1% during the third quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock valued at $8,552,028,000 after acquiring an additional 254,750 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Transdigm Group by 10.2% during the third quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company’s stock worth $2,909,850,000 after purchasing an additional 203,997 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Transdigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company’s stock worth $8,982,225,000 after purchasing an additional 121,049 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TDG shares. UBS Group reduced their price target on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. KeyCorp cut Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Robert W. Baird reiterated a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a research report on Wednesday, February 4th. Wells Fargo & Company initiated coverage on Transdigm Group in a report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 target price for the company. Finally, Weiss Ratings lowered Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,567.40.

Transdigm Group Price Performance

Shares of TDG opened at $1,164.81 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 50-day simple moving average of $1,238.05 and a two-hundred day simple moving average of $1,301.05. The firm has a market capitalization of $65.78 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 2.51 and a beta of 0.98.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share for the quarter, topping analysts’ consensus estimates of $7.99 by $0.24. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business earned $7.83 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Analysts expect that Transdigm Group Incorporated will post 36.71 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $1,280.46, for a total value of $4,993,794.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,609,656. 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 is available at this link. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $27,259,512.88. This trade represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,522 shares of company stock valued at $117,197,926 over the last ninety days. Insiders own 3.20% of the company’s stock.

Transdigm Group 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.