Bank of Nova Scotia Purchases New Position in Transdigm Group Incorporated $TDG

Bank of Nova Scotia acquired a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,323 shares of the aerospace company's stock, valued at approximately $8,422,000.

Other hedge funds have also bought and sold shares of the company. Capital International Investors grew its position in Transdigm Group by 0.9% in the fourth quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company's stock worth $8,702,655,000 after acquiring an additional 55,230 shares in the last quarter. BlackRock Inc. purchased a new stake in Transdigm Group in the second quarter worth approximately $6,489,039,000. Capital World Investors boosted its stake in Transdigm Group by 0.4% in the fourth quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company's stock worth $5,258,898,000 after buying an additional 15,825 shares in the last quarter. Capital Research Global Investors grew its position in Transdigm Group by 12.2% during the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company's stock valued at $3,293,527,000 after acquiring an additional 268,824 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Transdigm Group by 2.8% during the fourth quarter. State Street Corp now owns 2,456,186 shares of the aerospace company's stock worth $3,266,359,000 after acquiring an additional 67,348 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Stock Down 0.1%

Transdigm Group stock opened at $1,198.78 on Tuesday. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,463.03. The company has a market capitalization of $67.05 billion, a P/E ratio of 36.37, a PEG ratio of 2.00 and a beta of 0.91. The stock's 50 day moving average is $1,268.22 and its 200 day moving average is $1,244.70.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.30 by $0.57. The business had revenue of $2.74 billion during 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%.The firm's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, equities analysts expect that Transdigm Group Incorporated will post 38.81 EPS for the current year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,459,536. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the business's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $26,204,091.84. This trade represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 38,196 shares of company stock valued at $48,027,598. 3.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a report on Wednesday, May 6th. Morgan Stanley cut Transdigm Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. Weiss Ratings cut Transdigm Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 2nd. Jefferies Financial Group raised their target price on shares of Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Finally, BNP Paribas Exane reduced their price target on 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. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,463.71.

Transdigm Group Company 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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