Envestnet Asset Management Inc. Cuts Stock Position in Transdigm Group Incorporated $TDG

Key Points

• Envestnet Asset Management reduced its TransDigm stake by 7.5% in the second quarter, selling 4,999 shares and retaining 61,513 shares valued at approximately $81.9 million. Institutional investors collectively own 95.78% of the company.
• TransDigm reported quarterly EPS of $10.87, beating estimates of $10.30, while revenue rose 22.5% year over year to $2.74 billion. Shares opened at $1,117.02, near the lower end of their 12-month range.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $1,452.53. Company insiders have sold 28,064 shares worth about $33.9 million over the past 90 days.

Envestnet Asset Management Inc. trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,513 shares of the aerospace company's stock after selling 4,999 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Transdigm Group worth $81,938,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its holdings in shares of Transdigm Group by 12.2% in the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company's stock valued at $3,293,527,000 after buying an additional 268,824 shares during the last quarter. Norges Bank acquired a new position in Transdigm Group during the fourth quarter worth $1,025,591,000. Capital World Investors increased its holdings in 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 last quarter. Goodnow Investment Group LLC raised its position in Transdigm Group by 7.6% during the fourth quarter. Goodnow Investment Group LLC now owns 15,442 shares of the aerospace company's stock worth $20,536,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Prudential PLC lifted its stake in Transdigm Group by 299.3% in the fourth quarter. Prudential PLC now owns 4,229 shares of the aerospace company's stock valued at $5,624,000 after acquiring an additional 3,170 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 1.1%

Shares of TDG stock opened at $1,117.02 on Friday. The firm has a 50 day moving average price of $1,189.18 and a two-hundred day moving average price of $1,217.09. The company has a market capitalization of $62.48 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. Transdigm Group Incorporated has a 12-month low of $1,071.25 and a 12-month high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating the consensus estimate of $10.30 by $0.57. The company had revenue of $2.74 billion for 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 firm's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, research analysts expect that Transdigm Group Incorporated will post 38.87 EPS for the current year.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,094.58, for a total transaction of $4,268,862.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $3,940,488. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the sale, the director directly owned 21,548 shares of the company's stock, valued at $26,639,361.44. This represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,064 shares of company stock worth $33,947,338. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Transdigm Group in a research report on Friday, August 28th. Guggenheim assumed coverage on shares of Transdigm Group in a report on Tuesday, September 15th. They issued a "neutral" rating on the stock. UBS Group lifted their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price target on Transdigm Group from $1,450.00 to $1,415.00 and set a "neutral" rating on the stock in a research report on Thursday, September 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $1,350.00 price objective on shares of Transdigm Group in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Transdigm Group presently has a consensus rating of "Hold" and a consensus price target of $1,452.53.

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.

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