Bank of America Corp DE Grows Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• Bank of America increased its TransDigm stake by 1.3% in the first quarter to 296,031 shares valued at approximately $343.1 million. Institutional investors collectively own 95.78% of the company.
• Analyst sentiment is mixed, with seven Buy ratings and ten Hold ratings; the average price target is $1,477.47 versus the stock’s recent price of $1,257.90.
• TransDigm exceeded quarterly earnings and revenue expectations, reporting $9.85 in EPS and $2.54 billion in revenue, though insiders sold about $47.1 million of stock over the past 90 days.

Bank of America Corp DE grew its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296,031 shares of the aerospace company's stock after acquiring an additional 3,708 shares during the period. Bank of America Corp DE owned about 0.53% of Transdigm Group worth $343,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Legacy Inc. increased its holdings in Transdigm Group by 0.3% in the 4th quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company's stock valued at $3,184,000 after purchasing an additional 8 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Transdigm Group by 17.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company's stock valued at $73,000 after buying an additional 8 shares in the last quarter. Patton Fund Management Inc. raised its holdings in shares of Transdigm Group by 5.7% during the 4th quarter. Patton Fund Management Inc. now owns 167 shares of the aerospace company's stock valued at $222,000 after buying an additional 9 shares during the period. Fisher Asset Management LLC lifted its position in Transdigm Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company's stock worth $398,000 after acquiring an additional 9 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Transdigm Group by 6.2% in the 4th quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company's stock worth $206,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. TD Cowen lowered their price objective on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Morgan Stanley downgraded shares of Transdigm Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. UBS Group lowered their price target on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. BNP Paribas Exane cut their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a "hold" rating in a research report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,477.47.

Transdigm Group Trading Up 0.3%

Shares of NYSE:TDG opened at $1,257.90 on Monday. The firm has a market cap of $70.35 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The company has a fifty day simple moving average of $1,269.45 and a 200 day simple moving average of $1,265.57. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,620.58.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating analysts' consensus estimates of $9.46 by $0.39. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.11 EPS. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 37.77 EPS for the current fiscal year.

Insider Activity

In related news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,596,408. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 10,132 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,180.82, for a total value of $11,964,068.24. Following the completion of the sale, the director directly owned 21,548 shares of the company's stock, valued at approximately $25,444,309.36. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 38,196 shares of company stock worth $47,135,464 in the last ninety days. Corporate insiders own 3.20% of the company's stock.

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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