Corient Private Wealth LP Reduces Stock Holdings in Transdigm Group Incorporated $TDG

Corient Private Wealth LP lessened its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,302 shares of the aerospace company's stock after selling 3,896 shares during the quarter. Corient Private Wealth LP owned about 0.11% of Transdigm Group worth $85,654,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in Transdigm Group by 120,385.0% during the second quarter. California State Teachers Retirement System now owns 112,352,246 shares of the aerospace company's stock worth $149,657,686,000 after purchasing an additional 112,258,996 shares during the last quarter. Capital International Investors raised its holdings in shares of Transdigm Group by 0.9% during the fourth quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company's stock valued at $8,702,655,000 after buying an additional 55,230 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Transdigm Group during the second quarter worth approximately $6,489,039,000. Capital World Investors boosted its position in shares of Transdigm Group by 0.4% during the fourth quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company's stock worth $5,258,898,000 after buying an additional 15,825 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Transdigm Group by 12.2% in the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company's stock worth $3,293,527,000 after purchasing an additional 268,824 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 1.0%

Shares of NYSE TDG opened at $1,138.09 on Friday. Transdigm Group Incorporated has a 12 month low of $1,119.62 and a 12 month high of $1,463.03. The company has a market cap of $63.66 billion, a P/E ratio of 34.53, a P/E/G ratio of 1.87 and a beta of 0.91. The business's 50 day moving average is $1,223.23 and its two-hundred day moving average is $1,231.51.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations 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 revenue was up 22.5% on a year-over-year basis. During the same period last year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Sell-side analysts expect that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 3,600 shares of the company's stock, valued at $4,459,536. This represents a 52.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W. Howley sold 10,132 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $26,204,091.84. The trade was a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,196 shares of company stock valued at $48,027,598 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Transdigm Group from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings restated a "hold (c)" rating on shares of Transdigm Group in a report on Friday, August 28th. UBS Group raised their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Morgan Stanley lowered Transdigm Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised 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 report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of "Hold" and an average target price of $1,463.71.

Transdigm Group Company 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.

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG - Free Report).

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.