Legal & General Group Plc Decreases Stock Position in Transdigm Group Incorporated $TDG

Legal & General Group Plc cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 309,790 shares of the aerospace company’s stock after selling 3,812 shares during the quarter. Legal & General Group Plc’s holdings in Transdigm Group were worth $411,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in Transdigm Group in the fourth quarter valued at about $25,000. Elyxium Wealth LLC purchased a new stake in Transdigm Group in the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC raised its stake in Transdigm Group by 1,100.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 24 shares of the aerospace company’s stock valued at $32,000 after buying an additional 22 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in Transdigm Group in the third quarter valued at about $34,000. Finally, Central Pacific Bank Trust Division raised its stake in Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock valued at $35,000 after buying an additional 8 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price target on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Jefferies Financial Group increased their price target on Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. UBS Group reduced their price objective on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reduced 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 research note on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have given 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 $1,524.18.

Insider Activity

In related news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,154.09, for a total transaction of $4,500,951.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,154,724. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,180.82, for a total value of $11,964,068.24. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $25,444,309.36. This trade represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 42,096 shares of company stock worth $51,417,454. 3.20% of the stock is owned by corporate insiders.

Transdigm Group Stock Down 0.1%

Shares of NYSE:TDG opened at $1,212.37 on Tuesday. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82. The stock has a market cap of $67.81 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.12 and a beta of 0.90. The business has a 50-day moving average price of $1,194.63 and a 200-day moving average price of $1,284.98.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business posted $9.11 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 37.82 EPS for the current fiscal 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.