Wealthfront Advisers LLC Takes $10.69 Million Position in Transdigm Group Incorporated $TDG

Wealthfront Advisers LLC purchased a new position in Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,022 shares of the aerospace company’s stock, valued at approximately $10,686,000.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC increased its holdings in Transdigm Group by 5.0% in the 1st quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock worth $1,898,000 after acquiring an additional 65 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Transdigm Group by 92.3% in the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 131 shares during the period. NewEdge Advisors LLC increased its stake in shares of Transdigm Group by 152.9% in the second quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after purchasing an additional 1,248 shares in the last quarter. Sei Investments Co. increased its stake in Transdigm Group by 25.4% in the 2nd quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock worth $50,227,000 after buying an additional 6,697 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Transdigm Group by 3.6% during the second quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock valued at $39,264,000 after acquiring an additional 902 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TDG. Weiss Ratings cut Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. BMO Capital Markets upped their price target on shares of 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. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada decreased their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,463.71.

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the firm’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 value of $12,321,322.56. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $26,204,091.84. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,459,536. This trade represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,196 shares of company stock worth $48,027,598 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Transdigm Group Trading Down 0.9%

Shares of TDG stock opened at $1,222.24 on Thursday. The company has a market capitalization of $68.36 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.06 and a beta of 0.91. The business’s 50 day moving average is $1,272.29 and its two-hundred day moving average is $1,248.75. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,463.03.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period 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. On average, research analysts predict that Transdigm Group Incorporated will post 38.81 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.