Kornitzer Capital Management Inc. KS Reduces Stock Position in Transdigm Group Incorporated $TDG

Kornitzer Capital Management Inc. KS lessened its stake in Transdigm Group Incorporated (NYSE:TDG) by 35.5% in the first quarter, HoldingsChannel reports. The firm owned 932 shares of the aerospace company’s stock after selling 514 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Transdigm Group were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division grew its holdings in shares of Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 8 shares during the period. Family Legacy Inc. increased its position in shares of Transdigm Group by 0.3% during the 4th quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock valued at $3,184,000 after purchasing an additional 8 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Transdigm Group by 17.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 8 shares during the period. Patton Fund Management Inc. boosted its holdings in shares of Transdigm Group by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 167 shares of the aerospace company’s stock worth $222,000 after buying an additional 9 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Transdigm Group by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company’s stock valued at $398,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,596,408. This represents a 52.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $27,259,512.88. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 42,096 shares of company stock valued at $52,625,524. 3.20% of the stock is owned by corporate insiders.

Transdigm Group Stock Performance

Shares of NYSE:TDG opened at $1,291.76 on Monday. The firm has a market cap of $72.25 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.26 and a beta of 0.90. The firm has a fifty day moving average price of $1,257.11 and a 200 day moving average price of $1,277.04. Transdigm Group Incorporated has a fifty-two week low of $1,123.61 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $9.11 EPS. Transdigm Group’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, research analysts predict that Transdigm Group Incorporated will post 37.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. UBS Group decreased their target price on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, BNP Paribas Exane decreased their price objective on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Transdigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,518.25.

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.