Transdigm Group Incorporated $TDG Shares Sold by Altarock Partners LP

Key Points

• Altarock Partners reduced its TransDigm stake by 3.7%, selling 33,413 shares and retaining 875,755 shares worth approximately $1.17 billion. TransDigm remains the fund’s second-largest holding and represents 27.5% of its portfolio.
• Recent insider selling totaled 38,196 shares worth about $48.0 million over 90 days, including substantial sales by Director W. Nicholas Howley and COO Joel Reiss.
• TransDigm beat quarterly earnings and revenue expectations, reporting $10.87 in EPS and $2.74 billion in revenue, with revenue up 22.5% year over year. Despite the strong results, analysts maintain a consensus “Hold” rating with a $1,463.71 average price target.

Altarock Partners LP trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,755 shares of the aerospace company's stock after selling 33,413 shares during the quarter. Transdigm Group comprises 27.5% of Altarock Partners LP's portfolio, making the stock its 2nd biggest holding. Altarock Partners LP owned 1.57% of Transdigm Group worth $1,166,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Transdigm Group by 392.9% during the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company's stock valued at $2,117,000 after purchasing an additional 1,269 shares during the last quarter. DNB Asset Management AS boosted its holdings in Transdigm Group by 11.6% during the fourth quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company's stock valued at $34,342,000 after purchasing an additional 2,685 shares in the last quarter. HighTower Advisors LLC grew its position in Transdigm Group by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company's stock valued at $22,914,000 after acquiring an additional 1,281 shares during the period. Capital Research Global Investors increased its position in shares of Transdigm Group by 12.2% during the 4th 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 in the last quarter. Finally, Pier 88 Investment Partners LLC bought a new position in shares of Transdigm Group in the fourth quarter valued at approximately $3,192,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 10,132 shares of the business'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 transaction, the director owned 21,548 shares in the company, valued at approximately $26,204,091.84. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction that occurred 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 directly owned 3,600 shares of the company's stock, valued at $4,459,536. The trade was a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,196 shares of company stock worth $48,027,598. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a "hold" rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Susquehanna dropped their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a "neutral" rating for the company in a research report on Wednesday, May 6th. UBS Group upped their price objective 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. Finally, Royal Bank Of Canada lowered their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of "Hold" and a consensus price target of $1,463.71.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,184.74 on Friday. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,463.03. The stock has a market cap of $66.26 billion, a PE ratio of 35.94, a PEG ratio of 2.02 and a beta of 0.91. The firm's 50 day moving average price is $1,260.91 and its two-hundred day moving average price is $1,243.08.

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, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter in the previous year, the company posted $9.60 EPS. The business's revenue for the quarter 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, sell-side analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Transdigm Group Profile

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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