Thornburg Investment Management Inc. Sells 27,237 Shares of Transdigm Group Incorporated $TDG

Thornburg Investment Management Inc. lowered its stake in Transdigm Group Incorporated (NYSE:TDG) by 91.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,425 shares of the aerospace company’s stock after selling 27,237 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Transdigm Group were worth $3,230,000 as of its most recent SEC filing.

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

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,459,536. This trade represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. The trade was a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,196 shares of company stock valued at $48,027,598 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,184.14 on Friday. 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 $66.23 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.98 and a beta of 0.91. The firm’s fifty day moving average price is $1,257.95 and its two-hundred day moving average price is $1,242.67.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The company 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%. Transdigm Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the topic of a number of recent analyst reports. BNP Paribas Exane lowered their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Morgan Stanley cut shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. UBS Group upped their target price on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Transdigm Group currently has an average rating of “Hold” and a consensus price target 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.