Prospera Financial Services Inc grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,020 shares of the aerospace company’s stock after purchasing an additional 1,013 shares during the period. Prospera Financial Services Inc’s holdings in Transdigm Group were worth $7,936,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in Transdigm Group in the third quarter worth about $26,000. Bank of Jackson Hole Trust increased its holdings in shares of Transdigm Group by 84.6% during the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 11 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Transdigm Group by 1,250.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Transdigm Group in the 2nd quarter worth approximately $47,000. Finally, Security National Bank purchased a new stake in Transdigm Group during the 3rd quarter worth approximately $53,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TDG has been the subject of a number of research analyst reports. Zacks Research raised shares of Transdigm Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. KeyCorp downgraded Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their target price on Transdigm Group from $1,405.00 to $1,435.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Royal Bank Of Canada lifted their price target on Transdigm Group from $1,385.00 to $1,400.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $1,400.00 price target on shares of Transdigm Group in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,584.44.
Insider Activity at Transdigm Group
In other Transdigm Group news, COO Patrick Joseph Murphy sold 290 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $1,430.10, for a total transaction of $414,729.00. Following the completion of the transaction, the chief operating officer directly owned 1,055 shares in the company, valued at approximately $1,508,755.50. This represents a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin M. Stein sold 11,075 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $1,434.49, for a total transaction of $15,886,976.75. Following the transaction, the director directly owned 8,158 shares in the company, valued at approximately $11,702,569.42. The trade was a 57.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 242,485 shares of company stock worth $331,932,850 in the last quarter. 4.09% of the stock is owned by insiders.
Transdigm Group Stock Up 0.9%
Shares of TDG stock opened at $1,312.06 on Wednesday. The stock has a market cap of $74.09 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The business has a 50-day simple moving average of $1,352.82 and a 200-day simple moving average of $1,348.70.
Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share for the quarter, beating analysts’ consensus estimates of $7.99 by $0.24. Transdigm Group had a net margin of 20.50% and a negative return on equity of 29.07%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company earned $7.83 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.
About Transdigm Group
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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