Riggs Asset Managment Co. Inc. Cuts Stock Position in Transdigm Group Incorporated $TDG

Riggs Asset Managment Co. Inc. lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 12.4% in the fourth quarter, Holdings Channel reports. The institutional investor 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 large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Transdigm Group in the third quarter worth $26,000. Elevation Wealth Partners LLC increased its holdings in shares of Transdigm Group by 1,100.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 24 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Transdigm Group by 44.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 8 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Transdigm Group in the 3rd quarter worth about $34,000. Finally, JFS Wealth Advisors LLC boosted its stake in Transdigm Group by 55.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 28 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Transdigm Group news, Director Kevin M. Stein sold 36,925 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $1,425.79, for a total transaction of $52,647,295.75. Following the completion of the sale, the director directly owned 19,233 shares in the company, valued at approximately $27,422,219.07. The trade was a 65.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Patrick Joseph Murphy sold 290 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $1,430.10, for a total value of $414,729.00. Following the transaction, the chief operating officer directly owned 1,055 shares in the company, valued at $1,508,755.50. The trade was a 21.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,522 shares of company stock worth $117,197,926 in the last 90 days. Insiders own 3.20% of the company’s stock.

Transdigm Group Stock Performance

TDG opened at $1,164.81 on Friday. The company’s 50-day simple moving average is $1,238.05 and its two-hundred day simple moving average is $1,301.05. The stock has a market capitalization of $65.78 billion, a P/E ratio of 37.48, a P/E/G ratio of 2.51 and a beta of 0.98. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 EPS for the quarter, topping analysts’ consensus estimates of $7.99 by $0.24. Transdigm Group had a net margin of 20.50% and a negative return on equity of 29.07%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $7.83 earnings per share. 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. Research analysts forecast that Transdigm Group Incorporated will post 36.71 EPS for the current fiscal year.

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.