X Square Capital LLC acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,313 shares of the aerospace company’s stock, valued at approximately $3,081,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Transdigm Group during the 2nd quarter worth about $6,489,039,000. Norges Bank acquired a new stake in shares of Transdigm Group in the fourth quarter valued at about $1,025,591,000. Bank of New York Mellon Corp bought a new position in shares of Transdigm Group during the second quarter worth about $424,587,000. Capital Research Global Investors lifted its position in shares of Transdigm Group by 12.2% in 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 period. Finally, Deutsche Bank AG acquired a new position in shares of Transdigm Group in the 2nd quarter valued at about $232,851,000. 95.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
TDG has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. BMO Capital Markets lifted 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. Morgan Stanley lowered Transdigm Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. Stifel Nicolaus restated a “hold” rating and set a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Finally, 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 for the company in a research report on Thursday, May 14th. 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, the company currently has a consensus rating of “Hold” and an average target price of $1,463.71.
Insider Buying and Selling at Transdigm Group
In other news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,459,536. This trade represents a 52.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,196 shares of company stock valued at $48,027,598. Company insiders own 3.20% of the company’s stock.
Transdigm Group Stock Up 2.1%
Shares of NYSE:TDG opened at $1,204.92 on Friday. The business’s 50 day moving average is $1,269.76 and its 200 day moving average is $1,246.72. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,463.03. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.00 and a beta of 0.91.
Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the firm posted $9.60 EPS. Transdigm Group’s quarterly revenue was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.
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.
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