Strs Ohio Sells 29,304 Shares of Transdigm Group Incorporated $TDG

Strs Ohio reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 51.4% in the fourth quarter, Holdings Channel reports. The fund owned 27,726 shares of the aerospace company’s stock after selling 29,304 shares during the quarter. Strs Ohio’s holdings in Transdigm Group were worth $36,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its holdings in shares of Transdigm Group by 0.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 1,182 shares of the aerospace company’s stock worth $1,558,000 after purchasing an additional 8 shares during the period. Tower Wealth Partners Inc. grew its holdings in Transdigm Group by 4.5% during the third quarter. Tower Wealth Partners Inc. now owns 187 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 8 shares during the period. Central Pacific Bank Trust Division increased its position in Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after buying an additional 8 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Transdigm Group by 1.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 479 shares of the aerospace company’s stock valued at $631,000 after buying an additional 9 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Transdigm Group by 5.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 171 shares of the aerospace company’s stock valued at $225,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Performance

NYSE:TDG opened at $1,155.75 on Friday. The business’s fifty day moving average is $1,223.02 and its 200 day moving average is $1,296.55. The firm has a market cap of $65.27 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.44 and a beta of 0.90. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share 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 firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $7.83 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Equities analysts predict that Transdigm Group Incorporated will post 36.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $1,280.46, for a total transaction of $4,993,794.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,609,656. This trade represents a 52.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 10,168 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $1,307.68, for a total value of $13,296,490.24. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $28,177,888.64. The trade was a 32.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 86,522 shares of company stock worth $117,197,926. 3.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Transdigm Group in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price target for the company. UBS Group dropped their price objective on shares of Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Robert W. Baird reiterated a “neutral” rating and set a $1,400.00 target price on shares of Transdigm Group in a research report on Wednesday, February 4th. KeyCorp downgraded shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings cut shares of Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Transdigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,567.40.

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.