Alkeon Capital Management LLC Sells 50,000 Shares of Transdigm Group Incorporated $TDG

Alkeon Capital Management LLC decreased its stake in Transdigm Group Incorporated (NYSE:TDG) by 20.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,611 shares of the aerospace company’s stock after selling 50,000 shares during the period. Alkeon Capital Management LLC owned 0.35% of Transdigm Group worth $297,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Lighthouse Investment Partners LLC raised its holdings in Transdigm Group by 29.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 360 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 81 shares during the last quarter. California State Teachers Retirement System boosted its position in Transdigm Group by 4.6% during the second quarter. California State Teachers Retirement System now owns 93,163 shares of the aerospace company’s stock valued at $141,667,000 after acquiring an additional 4,130 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Transdigm Group by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 74,971 shares of the aerospace company’s stock worth $114,004,000 after acquiring an additional 1,506 shares during the period. One Madison Group LLC raised its position in shares of Transdigm Group by 31.6% in the 2nd quarter. One Madison Group LLC now owns 25,000 shares of the aerospace company’s stock worth $38,016,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Transdigm Group by 15.8% in the 2nd quarter. Quantinno Capital Management LP now owns 15,250 shares of the aerospace company’s stock valued at $23,190,000 after purchasing an additional 2,082 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $1,340.00, for a total value of $5,226,000.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,824,000. The trade was a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Stein sold 17,526 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $1,362.29, for a total transaction of $23,875,494.54. Following the transaction, the director directly owned 8,158 shares of the company’s stock, valued at $11,113,561.82. This represents a 68.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 149,147 shares of company stock valued at $199,321,537 in the last ninety days. Insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

TDG opened at $1,293.92 on Friday. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The company has a market capitalization of $72.87 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.93 and a beta of 0.94. The firm’s fifty day moving average price is $1,316.13 and its two-hundred day moving average price is $1,391.93.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna cut their price target on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Truist Financial decreased their price target on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Jefferies Financial Group reduced their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Zacks Research raised Transdigm Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. raised their price objective on Transdigm Group from $1,405.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,576.29.

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.