HighTower Advisors LLC Sells 13,289 Shares of Transdigm Group Incorporated $TDG

HighTower Advisors LLC decreased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 73.2% in the second quarter, HoldingsChannel.com reports. The fund owned 4,867 shares of the aerospace company’s stock after selling 13,289 shares during the period. HighTower Advisors LLC’s holdings in Transdigm Group were worth $6,483,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TDG. Elyxium Wealth LLC bought a new position in Transdigm Group in the 4th quarter worth $25,000. Burkett Financial Services LLC purchased a new stake in shares of Transdigm Group in the 2nd quarter worth about $25,000. MCF Advisors LLC boosted its stake in shares of Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Transdigm Group by 1,900.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 19 shares in the last quarter. Finally, Colonial Trust Co SC increased its position 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 valued at $29,000 after buying an additional 13 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TDG. Weiss Ratings reissued a “hold (c)” rating on shares of Transdigm Group in a research note on Friday, August 28th. BMO Capital Markets lifted their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Morgan Stanley downgraded Transdigm Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. BNP Paribas Exane decreased their target price on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Finally, Wall Street Zen lowered Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,463.71.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,459,536. The trade was a 52.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W. Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $26,204,091.84. The trade was a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,196 shares of company stock valued at $48,027,598 in the last ninety days. Insiders own 3.20% of the company’s stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,125.41 on Friday. The firm’s 50-day moving average price is $1,227.47 and its 200-day moving average price is $1,232.16. The company has a market capitalization of $62.94 billion, a PE ratio of 34.14, a P/E/G ratio of 1.87 and a beta of 0.91. Transdigm Group Incorporated has a 1-year low of $1,119.62 and a 1-year high of $1,463.03.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business earned $9.60 EPS. Transdigm Group’s quarterly revenue was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.

Transdigm Group Profile

TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.