Cornerstone Advisors LLC Acquires New Stake in Transdigm Group Incorporated $TDG

Cornerstone Advisors LLC acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,657 shares of the aerospace company’s stock, valued at approximately $12,864,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ares Financial Consulting LLC purchased a new position in shares of Transdigm Group in the 4th quarter worth about $25,000. Elyxium Wealth LLC purchased a new stake in Transdigm Group during the 4th quarter valued at about $25,000. Burkett Financial Services LLC bought a new stake in Transdigm Group during the 2nd quarter valued at about $25,000. MCF Advisors LLC increased its stake in Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after buying an additional 19 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Royal Bank Of Canada decreased their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. 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 research report on Thursday, July 2nd. Susquehanna cut their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group lifted their target price on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,463.71.

Transdigm Group Stock Performance

TDG opened at $1,237.18 on Tuesday. The company’s 50-day simple moving average is $1,272.49 and its two-hundred day simple moving average is $1,251.38. The stock has a market capitalization of $69.20 billion, a P/E ratio of 37.54, a P/E/G ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,463.03.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the business posted $9.60 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Research analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 10,132 shares of the 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 directly owned 21,548 shares of the company’s stock, valued at $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 is available through this link. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,596,408. This trade represents a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 24,164 shares of company stock valued at $30,670,445. 3.20% of the stock is currently owned by insiders.

About Transdigm Group

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.