Palisade Capital Management LP bought 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 disclosure with the SEC. The fund bought 1,700 shares of the aerospace company’s stock, valued at approximately $2,264,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors raised its stake 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 valued at $8,702,655,000 after purchasing an additional 55,230 shares in the last quarter. BlackRock Inc. bought a new position in Transdigm Group in the 2nd quarter valued at about $6,489,039,000. Capital World Investors grew its position in Transdigm Group by 0.4% in the 4th quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company’s stock valued at $5,258,898,000 after buying an additional 15,825 shares in the last quarter. Capital Research Global Investors increased its stake 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 valued at $3,293,527,000 after buying an additional 268,824 shares during the period. Finally, State Street Corp increased its stake 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 valued at $3,266,359,000 after buying an additional 67,348 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on TDG shares. UBS Group upped their target price on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. BMO Capital Markets upped their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Finally, Jefferies Financial Group lifted their target price on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,463.71.
Insider Buying and Selling
In other news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. The trade was a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,459,536. This represents a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,196 shares of company stock valued at $48,027,598 over the last three months. 3.20% of the stock is owned by insiders.
Transdigm Group Stock Performance
Transdigm Group stock opened at $1,193.32 on Wednesday. The firm has a market cap of $66.74 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.00 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 firm’s 50 day moving average price is $1,266.03 and its two-hundred day moving average price is $1,244.20.
Transdigm Group (NYSE:TDG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.Transdigm Group’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, equities analysts predict that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.
Transdigm Group 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.
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