Castleark Management LLC Invests $1.03 Million in Transdigm Group Incorporated $TDG

Castleark Management LLC bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 770 shares of the aerospace company’s stock, valued at approximately $1,026,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Family Legacy Inc. grew its position in Transdigm Group by 0.3% during the fourth 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 grew its stake in 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 acquiring an additional 8 shares during the period. Fisher Asset Management LLC grew its stake in Transdigm Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company’s stock valued at $398,000 after acquiring an additional 9 shares during the period. Root Financial Partners LLC increased its holdings in Transdigm Group by 6.2% in the 4th quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company’s stock worth $206,000 after acquiring an additional 9 shares in the last quarter. Finally, Harbour Investments Inc. raised its position 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 during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,900 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the transaction, the chief operating officer directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. This trade represents a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,196 shares of company stock worth $48,027,598 over the last ninety days. Insiders own 3.20% of the company’s stock.

Transdigm Group Stock Performance

TDG opened at $1,207.28 on Thursday. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,463.03. The company has a market cap of $67.52 billion, a P/E ratio of 36.63, a PEG ratio of 1.99 and a beta of 0.91. The business’s 50-day simple moving average is $1,263.86 and its 200-day simple moving average is $1,243.80.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Jefferies Financial Group increased their price objective on Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. BNP Paribas Exane dropped their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Stifel Nicolaus reiterated a “hold” rating and issued a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,463.71.

Transdigm Group 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.