California State Teachers Retirement System increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 120,385.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,352,246 shares of the aerospace company's stock after buying an additional 112,258,996 shares during the quarter. California State Teachers Retirement System owned 200.88% of Transdigm Group worth $149,657,686,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Family Legacy Inc. lifted its holdings in shares of Transdigm Group by 0.3% during the fourth quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company's stock valued at $3,184,000 after acquiring an additional 8 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings 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 last quarter. Fisher Asset Management LLC grew its holdings in shares of Transdigm Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company's stock worth $398,000 after purchasing an additional 9 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Transdigm Group by 6.2% during the 4th quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company's stock worth $206,000 after purchasing an additional 9 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Transdigm Group by 13.6% during the 4th quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company's stock worth $100,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on TDG. Jefferies Financial Group boosted their price target on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a "neutral" rating in a report on Monday, June 15th. UBS Group lifted their target price on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Transdigm Group from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Transdigm Group currently has an average rating of "Hold" and a consensus target price of $1,463.71.
Read Our Latest Report on Transdigm Group
Transdigm Group Trading Up 0.0%
Shares of NYSE:TDG opened at $1,162.19 on Monday. The stock has a market capitalization of $65.00 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.93 and a beta of 0.91. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,463.03. The business has a 50-day moving average price of $1,242.41 and a two-hundred day moving average price of $1,237.26.
Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the company posted $9.60 EPS. The company's 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. As a group, equities analysts predict that Transdigm Group Incorporated will post 38.81 EPS for the current year.
Insider Activity at Transdigm Group
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $4,459,536. The trade was a 52.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W. Howley sold 10,132 shares of the company's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the sale, the director owned 21,548 shares of the company's stock, valued at $26,204,091.84. The trade was a 31.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,196 shares of company stock worth $48,027,598 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
About Transdigm Group
(
Free Report)
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.
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