Glenview Trust Co Acquires Shares of 1,610 Transdigm Group Incorporated $TDG

Glenview Trust Co bought a new position in shares of Transdigm Group Incorporated (NYSE:TDG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,610 shares of the aerospace company’s stock, valued at approximately $1,866,000.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Transdigm Group by 5.0% during the first quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock worth $1,898,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC boosted its stake in Transdigm Group by 92.3% in the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock valued at $376,000 after acquiring an additional 131 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Transdigm Group by 152.9% during the 2nd quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after purchasing an additional 1,248 shares during the period. Sei Investments Co. lifted its holdings in shares of Transdigm Group by 25.4% during the second quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock worth $50,227,000 after purchasing an additional 6,697 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Transdigm Group by 3.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock worth $39,264,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Trading Down 0.2%

Shares of NYSE:TDG opened at $1,184.14 on Friday. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03. The firm has a fifty day moving average price of $1,257.95 and a 200 day moving average price of $1,242.67. The stock has a market capitalization of $66.23 billion, a PE ratio of 35.93, a P/E/G ratio of 1.98 and a beta of 0.91.

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

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. This represents a 31.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group 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 sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,459,536. This represents a 52.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,196 shares of company stock valued at $48,027,598 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent research reports. BNP Paribas Exane decreased their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada cut their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, BMO Capital Markets upped their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.