Blacksheep Fund Management Ltd Sells 44,422 Shares of Transdigm Group Incorporated $TDG

Blacksheep Fund Management Ltd lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 97.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,332 shares of the aerospace company’s stock after selling 44,422 shares during the quarter. Transdigm Group accounts for about 76.8% of Blacksheep Fund Management Ltd’s investment portfolio, making the stock its biggest holding. Blacksheep Fund Management Ltd’s holdings in Transdigm Group were worth $1,774,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TDG. Family Legacy Inc. grew its holdings in shares of Transdigm Group by 0.3% in the 4th quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock valued at $3,184,000 after buying an additional 8 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Transdigm Group by 17.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock valued at $73,000 after buying an additional 8 shares in the last quarter. Fisher Asset Management LLC raised its stake in Transdigm Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company’s stock worth $398,000 after buying an additional 9 shares during the period. Root Financial Partners LLC raised its stake in Transdigm Group by 6.2% during the 4th quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company’s stock worth $206,000 after buying an additional 9 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in Transdigm Group by 13.6% during the fourth quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TDG. Royal Bank Of Canada lowered their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Morgan Stanley cut Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, BMO Capital Markets raised 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. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,463.71.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the company’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 completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,459,536. This represents a 52.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 38,196 shares of company stock worth $48,027,598. 3.20% of the stock is owned by insiders.

Transdigm Group Trading Down 1.5%

TDG stock opened at $1,154.69 on Wednesday. The stock has a 50-day moving average price of $1,252.62 and a two-hundred day moving average price of $1,240.05. The stock has a market cap of $64.58 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.96 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03.

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

Transdigm Group Company 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.