NewEdge Wealth LLC Boosts Stake in Transdigm Group Incorporated $TDG

NewEdge Wealth LLC lifted its position in Transdigm Group Incorporated (NYSE:TDG) by 86.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,230 shares of the aerospace company’s stock after acquiring an additional 570 shares during the period. NewEdge Wealth LLC’s holdings in Transdigm Group were worth $1,636,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TDG. Crossmark Global Holdings Inc. grew its stake in Transdigm Group by 80.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,152 shares of the aerospace company’s stock worth $6,851,000 after purchasing an additional 2,297 shares during the period. Ethic Inc. raised its holdings in Transdigm Group by 8.3% in the fourth quarter. Ethic Inc. now owns 5,584 shares of the aerospace company’s stock worth $7,426,000 after purchasing an additional 430 shares in the last quarter. Ballentine Partners LLC lifted its position in Transdigm Group by 10.8% during the fourth quarter. Ballentine Partners LLC now owns 473 shares of the aerospace company’s stock valued at $629,000 after buying an additional 46 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Transdigm Group during the 4th quarter valued at $48,000. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Transdigm Group by 6.5% during the 4th quarter. Diversify Wealth Management LLC now owns 2,098 shares of the aerospace company’s stock valued at $2,899,000 after buying an additional 128 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on TDG shares. TD Cowen decreased their price target on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company assumed coverage on shares of Transdigm Group in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Transdigm Group from $1,660.00 to $1,680.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. BNP Paribas Exane decreased their target price on shares of Transdigm Group from $1,900.00 to $1,700.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Finally, Weiss Ratings lowered shares of Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,521.24.

Insider Activity

In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $1,280.46, for a total value of $4,993,794.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,609,656. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 10,168 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total transaction of $13,296,490.24. Following the sale, the director owned 21,548 shares in the company, valued at approximately $28,177,888.64. The trade was a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,232 shares of company stock valued at $48,248,925 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Transdigm Group Price Performance

Shares of NYSE:TDG opened at $1,201.25 on Thursday. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The business has a fifty day moving average price of $1,209.40 and a 200-day moving average price of $1,292.36. The company has a market capitalization of $67.19 billion, a PE ratio of 37.49, a PEG ratio of 2.30 and a beta of 0.90.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the business posted $9.11 EPS. Transdigm Group’s revenue was up 18.3% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 37.82 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.