Chevy Chase Trust Holdings LLC Reduces Stock Holdings in Transdigm Group Incorporated $TDG

Chevy Chase Trust Holdings LLC cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 3.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 28,856 shares of the aerospace company’s stock after selling 908 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Transdigm Group were worth $38,033,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Transdigm Group during the second quarter worth about $1,275,035,000. Principal Financial Group Inc. raised its position in shares of Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after purchasing an additional 367,756 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Transdigm Group by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock valued at $10,178,995,000 after purchasing an additional 333,965 shares during the last quarter. Franklin Resources Inc. boosted its stake in Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock worth $626,704,000 after purchasing an additional 293,821 shares in the last quarter. Finally, Capital International Investors grew its position in Transdigm Group by 4.1% during the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock worth $8,552,028,000 after purchasing an additional 254,750 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Transdigm Group in a research note on Monday, December 29th. KeyCorp downgraded shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Transdigm Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. 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, UBS Group reduced their target price on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Transdigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,584.44.

Transdigm Group Trading Down 1.0%

Shares of NYSE:TDG opened at $1,213.92 on Monday. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The business has a 50 day moving average of $1,344.45 and a two-hundred day moving average of $1,322.31. The company has a market capitalization of $68.55 billion, a PE ratio of 39.06, a PEG ratio of 2.55 and a beta of 0.93.

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

Insider Activity

In other Transdigm Group news, Director Kevin M. Stein sold 36,925 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $1,425.79, for a total value of $52,647,295.75. Following the completion of the transaction, the director owned 19,233 shares in the company, valued at approximately $27,422,219.07. This represents a 65.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Patrick Joseph Murphy sold 290 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $1,430.10, for a total transaction of $414,729.00. Following the sale, the chief operating officer directly owned 1,055 shares in the company, valued at approximately $1,508,755.50. The trade was a 21.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 112,648 shares of company stock valued at $157,721,963 in the last three months. Corporate insiders own 3.20% of the company’s stock.

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.