Transdigm Group Incorporated $TDG Stock Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its TransDigm position by 95.8% in the second quarter, selling 4,504 shares and retaining 198 shares worth about $264,000. Institutional investors collectively own 95.78% of TDG.
• TransDigm reported quarterly EPS of $10.87, beating estimates of $10.30, while revenue rose 22.5% year over year to $2.74 billion. The stock opened at $1,117.02, near the lower end of its 52-week range.
• Insiders have also been selling shares, with executives and directors selling 28,064 shares worth approximately $33.9 million over the past 90 days. Analysts maintain a consensus “Hold” rating, with an average price target of $1,452.53.

Engineers Gate Manager LP reduced its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 95.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198 shares of the aerospace company's stock after selling 4,504 shares during the quarter. Engineers Gate Manager LP's holdings in Transdigm Group were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in Transdigm Group by 3.1% during 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 raised its position in Transdigm Group by 6.2% in the fourth quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company's stock worth $206,000 after acquiring an additional 9 shares during the period. Harbour Investments Inc. boosted its stake in shares of Transdigm Group by 13.6% during the 4th quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company's stock worth $100,000 after acquiring an additional 9 shares during the last quarter. BNP Paribas boosted its stake in shares of Transdigm Group by 0.6% during the 4th quarter. BNP Paribas now owns 1,726 shares of the aerospace company's stock worth $2,286,000 after acquiring an additional 10 shares during the last quarter. Finally, Verus Capital Partners LLC grew its position in shares of Transdigm Group by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 856 shares of the aerospace company's stock valued at $1,138,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

NYSE TDG opened at $1,117.02 on Friday. Transdigm Group Incorporated has a 1-year low of $1,071.25 and a 1-year high of $1,463.03. The business has a 50 day simple moving average of $1,189.18 and a two-hundred day simple moving average of $1,217.09. The stock has a market capitalization of $62.48 billion, a PE ratio of 33.89, a P/E/G ratio of 1.85 and a beta of 0.91.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates 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 was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $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 38.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,900 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were 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 directly owned 3,600 shares in the company, valued at approximately $3,940,488. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W. Howley sold 10,132 shares of the business's 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 completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $26,639,361.44. The trade was 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 28,064 shares of company stock worth $33,947,338. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TDG shares. Wall Street Zen cut Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. cut their price objective on Transdigm Group from $1,450.00 to $1,415.00 and set a "neutral" rating for the company in a research note on Thursday, September 17th. BMO Capital Markets increased their target price on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an "outperform" rating in a report on Thursday, July 2nd. Guggenheim initiated coverage on shares of Transdigm Group in a research note on Tuesday, September 15th. They set a "neutral" rating on the stock. Finally, Morgan Stanley downgraded shares of Transdigm Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Transdigm Group presently has a consensus rating of "Hold" and an average target price of $1,452.53.

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.

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