Quadrant Capital Group LLC decreased its position in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 42.5% during the third quarter, HoldingsChannel.com reports. The firm owned 844 shares of the aerospace company’s stock after selling 625 shares during the quarter. Quadrant Capital Group LLC’s holdings in Transdigm Group were worth $939,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Transdigm Group during the 2nd quarter valued at about $6,489,039,000. State Street Corp raised its holdings in Transdigm Group by 1.7% in the second quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock worth $3,408,818,000 after buying an additional 42,490 shares during the last quarter. Soroban Capital Partners LP raised its holdings in Transdigm Group by 14.5% in the first quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock worth $992,298,000 after buying an additional 108,227 shares during the last quarter. Stockbridge Partners LLC bought a new position in shares of Transdigm Group in the second quarter worth approximately $578,480,000. Finally, Primecap Management Co. CA bought a new position in shares of Transdigm Group in the second quarter worth approximately $546,425,000. 95.78% of the stock is owned by hedge funds and other institutional investors.
Transdigm Group Stock Performance
NYSE TDG opened at $1,105.65 on Friday. Transdigm Group Incorporated has a one year low of $1,071.25 and a one year high of $1,463.03. The stock has a 50-day moving average of $1,135.66 and a 200 day moving average of $1,205.87. The company has a market capitalization of $61.84 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.58 and a beta of 0.96.
Transdigm Group (NYSE:TDG – Get Free Report) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%. Transdigm Group’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.
Insider Transactions at Transdigm Group
In other news, COO Joel Reiss sold 4,100 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,060,944. The trade was a 53.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W. Howley sold 10,132 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $26,639,361.44. This trade represents a 31.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,032 shares of company stock worth $26,250,979. Insiders own 3.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley decreased their price objective on shares of Transdigm Group from $1,400.00 to $1,300.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Guggenheim initiated coverage on Transdigm Group in a research report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,428.40.
View Our Latest Analysis on Transdigm Group
Transdigm Group Company Profile
TransDigm Group Incorporated (NYSE: TDG) is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.
The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.
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