HighTower Advisors LLC Sells 13,289 Shares of Transdigm Group Incorporated $TDG

Key Points

• HighTower Advisors cut its TransDigm stake by 73.2% in the second quarter, selling 13,289 shares and retaining 4,867 shares valued at approximately $6.48 million. Institutional investors collectively own 95.78% of TDG.
• Analysts have a consensus “Hold” rating on TransDigm, with an average price target of $1,463.71; recent targets range from $1,405 to $1,750.
• TransDigm beat quarterly expectations, reporting $10.87 in EPS and $2.74 billion in revenue, with revenue up 22.5% year over year. Meanwhile, insiders sold 38,196 shares worth approximately $48 million over the past 90 days.

HighTower Advisors LLC lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 73.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,867 shares of the aerospace company's stock after selling 13,289 shares during the quarter. HighTower Advisors LLC's holdings in Transdigm Group were worth $6,483,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of Transdigm Group during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at $25,000. MCF Advisors LLC grew its holdings in shares of Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 18 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Transdigm Group by 1,900.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 19 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Transdigm Group by 162.5% in the 4th quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company's stock worth $29,000 after purchasing an additional 13 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on TDG shares. Stifel Nicolaus reissued a "hold" rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. BMO Capital Markets raised their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an "outperform" rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Transdigm Group in a report on Friday, August 28th. JPMorgan Chase & Co. boosted their target price on 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. Finally, BNP Paribas Exane lowered their target price on Transdigm Group from $1,800.00 to $1,750.00 and set an "outperform" rating for the company in a research note on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $1,463.71.

Insider Activity

In other news, COO Joel Reiss sold 3,900 shares of the company's 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 completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $4,459,536. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W. Howley sold 10,132 shares of the stock in a transaction dated Monday, July 20th. The stock was 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 approximately $26,204,091.84. This represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 38,196 shares of company stock valued at $48,027,598. Insiders own 3.20% of the company's stock.

Transdigm Group Stock Down 0.0%

Shares of NYSE TDG opened at $1,125.41 on Friday. Transdigm Group Incorporated has a 52 week low of $1,119.62 and a 52 week high of $1,463.03. The firm's fifty day moving average is $1,227.47 and its 200 day moving average is $1,232.16. The company has a market cap of $62.94 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.87 and a beta of 0.91.

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

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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