Wealthfront Advisers LLC Acquires Shares of 8,022 Transdigm Group Incorporated $TDG

Wealthfront Advisers LLC purchased a new stake in Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,022 shares of the aerospace company’s stock, valued at approximately $10,686,000.

Other hedge funds also recently modified their holdings of the company. Capital International Investors raised its position in shares of Transdigm Group by 0.9% during the fourth quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company’s stock worth $8,702,655,000 after acquiring an additional 55,230 shares during the last quarter. BlackRock Inc. bought a new position in Transdigm Group in the second quarter valued at about $6,489,039,000. Capital World Investors increased its position in Transdigm Group by 0.4% in the fourth quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company’s stock worth $5,258,898,000 after purchasing an additional 15,825 shares during the period. Capital Research Global Investors raised its holdings in Transdigm Group by 12.2% during the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock worth $3,293,527,000 after purchasing an additional 268,824 shares during the last quarter. Finally, State Street Corp raised its holdings in Transdigm Group by 2.8% during the 4th quarter. State Street Corp now owns 2,456,186 shares of the aerospace company’s stock worth $3,266,359,000 after purchasing an additional 67,348 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. BNP Paribas Exane reduced 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 note on Thursday, May 14th. UBS Group raised their price objective on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Six 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, Transdigm Group currently has an average rating of “Hold” and an average price target of $1,463.71.

Transdigm Group Trading Down 0.9%

Shares of TDG stock opened at $1,222.24 on Thursday. The stock has a market cap of $68.36 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03. The stock has a 50 day simple moving average of $1,272.29 and a 200 day simple moving average of $1,248.75.

Transdigm Group (NYSE:TDG) last issued 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 negative return on equity of 23.65% and a net margin of 19.69%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm earned $9.60 earnings per share. 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. Analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current year.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was 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 of the company’s stock, valued at $26,639,361.44. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,196 shares of company stock valued at $48,027,598. 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.