Transdigm Group Incorporated $TDG Stock: Keybank National Association OH Reduces Stake

Keybank National Association OH reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,907 shares of the aerospace company’s stock after selling 499 shares during the period. Keybank National Association OH’s holdings in Transdigm Group were worth $7,478,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TDG. Stockbridge Partners LLC acquired a new stake in shares of Transdigm Group in the 2nd quarter valued at approximately $578,480,000. Veritas Asset Management LLP grew its holdings in shares of Transdigm Group by 3.0% during the 2nd quarter. Veritas Asset Management LLP now owns 137,969 shares of the aerospace company’s stock valued at $183,780,000 after purchasing an additional 3,995 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Transdigm Group by 106.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company’s stock valued at $522,754,000 after purchasing an additional 202,300 shares during the last quarter. Mill Capital Management LLC bought a new stake in shares of Transdigm Group during the 2nd quarter valued at approximately $33,454,000. Finally, Praesidium Investment Management Company LLC acquired a new position in Transdigm Group during the 2nd quarter worth approximately $10,764,215. 95.78% of the stock is owned by institutional investors and hedge funds.

Recent Transdigm Group Headlines

These are some of the TDG headlines that stood out recently:

• Neutral Sentiment: Several firms raised their targets: TD Cowen to $1,350 with a Buy rating, Morgan Stanley to $1,405 with an Equal Weight rating, and RBC to $1,300 while maintaining Sector Perform. The higher targets are supportive, but the ratings indicate some analysts remain cautious. RBC Raises Price Target on TransDigm Group
• Neutral Sentiment: RBC Capital maintained a Hold rating, reinforcing the mixed analyst view despite the improved outlook and higher price targets. RBC Capital Keeps Their Hold Rating on Transdigm Group
• Negative Sentiment: UBS lowered its target to $1,481 from $1,509, a valuation reduction that could weigh on sentiment, although it retained a Buy rating. UBS Adjusts Price Target on TransDigm Group

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TDG shares. UBS Group dropped their price objective on shares of Transdigm Group from $1,509.00 to $1,481.00 and set a “buy” rating for the company in a research note on Wednesday. TD Cowen raised their target price on shares of Transdigm Group from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Transdigm Group from $1,200.00 to $1,300.00 and gave the stock a “sector perform” rating in a research note on Wednesday. BMO Capital Markets decreased their target price on shares of Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,431.13.

Insider Activity at Transdigm Group

In related news, Director W. Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 4,100 shares of Transdigm Group stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,060,944. This represents a 53.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,032 shares of company stock valued at $26,250,979 in the last ninety days. 3.20% of the stock is currently owned by insiders.

Transdigm Group Trading Down 3.3%

Transdigm Group stock opened at $1,203.94 on Friday. The company has a market capitalization of $65.72 billion, a PE ratio of 33.88, a P/E/G ratio of 1.78 and a beta of 0.98. Transdigm Group Incorporated has a 12 month low of $1,071.25 and a 12 month high of $1,463.03. The stock has a 50-day moving average price of $1,134.60 and a two-hundred day moving average price of $1,219.01.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $12.44 EPS for the quarter, beating analysts’ consensus estimates of $12.21 by $0.23. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.95 billion. Transdigm Group had a negative return on equity of 24.14% and a net margin of 19.94%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $10.82 earnings per share. Transdigm Group has set its FY 2027 guidance at 47.090-47.940 EPS. As a group, analysts predict that Transdigm Group Incorporated will post 44.94 earnings per share for the current fiscal year.

About Transdigm Group

TransDigm Group Incorporated designs, produces and supplies highly engineered components for the aerospace industry. Its products include mechanical and electromechanical systems, pumps, valves, ignition systems, batteries, power-conditioning devices and cockpit components. The company serves commercial, military and business aviation markets, supplying components for both original aircraft production and the aftermarket. Its products are used on aircraft operated around the world, and its aftermarket business provides replacement parts and related support.