Citizens Financial Group Inc. RI Takes Position in Transdigm Group Incorporated $TDG

Key Points

• Citizens Financial Group acquired 2,778 shares of TransDigm Group worth approximately $3.7 million in the second quarter. Institutional investors collectively own 95.78% of the aerospace company.
• Analysts maintain a consensus “Hold” rating with an average price target of $1,463.71, despite mixed revisions to individual targets and ratings.
• TransDigm reported quarterly EPS of $10.87 and revenue of $2.74 billion, exceeding estimates, while revenue increased 22.5% year over year. However, insiders sold $30.7 million of stock over the past 90 days, and the shares opened at $1,237.18, down 1.6%.

Citizens Financial Group Inc. RI acquired a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,778 shares of the aerospace company's stock, valued at approximately $3,701,000.

A number of other hedge funds also recently modified their holdings of TDG. Family Legacy Inc. lifted its position in Transdigm Group by 0.3% during the fourth quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company's stock worth $3,184,000 after acquiring an additional 8 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Transdigm Group by 17.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company's stock valued at $73,000 after buying an additional 8 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Transdigm Group by 3.1% in 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. Root Financial Partners LLC grew its position in Transdigm Group by 6.2% during the fourth quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company's stock worth $206,000 after buying an additional 9 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in Transdigm Group by 13.6% during the fourth quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company's stock worth $100,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TDG shares. Susquehanna dropped their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a "neutral" rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus restated a "hold" rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. BNP Paribas Exane cut their price objective on shares of 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. UBS Group increased their price target on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a "neutral" rating in a research note on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,463.71.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,596,408. This represents a 52.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 21,548 shares in the company, valued at $26,204,091.84. This represents a 31.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,164 shares of company stock worth $30,670,445 over the last ninety days. 3.20% of the stock is currently owned by insiders.

Transdigm Group Stock Down 1.6%

NYSE:TDG opened at $1,237.18 on Tuesday. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,463.03. The stock's 50-day simple moving average is $1,272.49 and its 200 day simple moving average is $1,251.38. The firm has a market capitalization of $69.20 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source