Cresset Asset Management LLC Reduces Holdings in Transdigm Group Incorporated $TDG

Cresset Asset Management LLC trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 47.4% during the second quarter, Holdings Channel reports. The fund owned 598 shares of the aerospace company’s stock after selling 538 shares during the quarter. Cresset Asset Management LLC’s holdings in Transdigm Group were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDG. Norges Bank bought a new position in Transdigm Group during the 2nd quarter valued at $1,275,035,000. Vanguard Group Inc. lifted its position in shares of Transdigm Group by 5.3% during the second quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock worth $10,178,995,000 after purchasing an additional 333,965 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Transdigm Group by 1,566.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company’s stock worth $325,075,000 after purchasing an additional 200,949 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group in the first quarter worth about $157,890,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Transdigm Group by 56.9% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock valued at $299,362,000 after buying an additional 71,399 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Price Performance

TDG opened at $1,304.14 on Thursday. The stock’s 50 day moving average price is $1,315.39 and its 200 day moving average price is $1,393.44. The stock has a market cap of $73.45 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.93 and a beta of 0.94. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $10.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.33 by $0.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Transdigm Group had a negative return on equity of 31.91% and a net margin of 21.69%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.83 earnings per share. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TDG shares. Jefferies Financial Group dropped their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. UBS Group increased their target price on shares of Transdigm Group from $1,738.00 to $1,798.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. BNP Paribas Exane began coverage on shares of Transdigm Group in a report on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price target for the company. Truist Financial dropped their price objective on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Finally, BNP Paribas raised shares of Transdigm Group to a “strong-buy” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,576.29.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $1,334.92, for a total transaction of $3,652,341.12. Following the sale, the director owned 21,548 shares of the company’s stock, valued at $28,764,856.16. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 90,953 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $1,335.72, for a total value of $121,487,741.16. Following the completion of the sale, the director owned 68,139 shares of the company’s stock, valued at $91,014,625.08. This trade represents a 57.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 149,447 shares of company stock worth $199,642,544 in the last three months. Insiders own 4.09% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.