PNC Financial Services Group Inc. Trims Stake in Transdigm Group Incorporated $TDG

PNC Financial Services Group Inc. lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,831 shares of the aerospace company’s stock after selling 1,130 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Transdigm Group were worth $94,675,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new stake in shares of Transdigm Group during the third quarter valued at $26,000. Bank of Jackson Hole Trust lifted its holdings in Transdigm Group by 84.6% in the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 11 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Transdigm Group by 1,250.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 25 shares during the last quarter. Security National Bank purchased a new stake in shares of Transdigm Group during the third quarter worth about $53,000. Finally, NewSquare Capital LLC raised its position in shares of Transdigm Group by 48.3% in the second quarter. NewSquare Capital LLC now owns 43 shares of the aerospace company’s stock valued at $65,000 after buying an additional 14 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kevin M. Stein sold 36,925 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $1,425.79, for a total value of $52,647,295.75. Following the completion of the sale, the director owned 19,233 shares of the company’s stock, valued at $27,422,219.07. This represents a 65.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 90,953 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $1,335.72, for a total value of $121,487,741.16. Following the sale, the director owned 68,139 shares in the company, valued at approximately $91,014,625.08. The trade was a 57.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 235,849 shares of company stock worth $323,054,509 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Transdigm Group Stock Performance

Shares of NYSE:TDG opened at $1,286.10 on Monday. The stock has a 50-day simple moving average of $1,350.16 and a 200-day simple moving average of $1,342.21. The stock has a market capitalization of $72.63 billion, a P/E ratio of 41.38, a PEG ratio of 2.75 and a beta of 0.92. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.99 by $0.24. Transdigm Group had a net margin of 20.50% and a negative return on equity of 29.07%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $7.83 earnings per share. Transdigm Group’s revenue for the quarter was up 13.9% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TDG. JPMorgan Chase & Co. raised their target price on shares of Transdigm Group from $1,405.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Morgan Stanley lifted their price target on Transdigm Group from $1,600.00 to $1,660.00 and gave the company an “overweight” rating in a report on Friday, November 14th. BMO Capital Markets upped their price objective on shares of Transdigm Group from $1,420.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Robert W. Baird reissued a “neutral” rating and issued a $1,400.00 target price on shares of Transdigm Group in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their price target on shares of Transdigm Group from $1,385.00 to $1,400.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,584.44.

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.