Cibc World Market Inc. Purchases Shares of 10,577 Transdigm Group Incorporated $TDG

Key Points

• CIBC World Markets acquired 10,577 shares of TransDigm Group during the second quarter, valued at approximately $14.1 million. Institutional investors collectively own 95.78% of the company.
• TransDigm reported quarterly earnings of $10.87 per share, exceeding estimates by $0.57, while revenue rose 22.5% year over year to $2.74 billion. The stock opened at $1,198.78, near the lower end of its 12-month range.
• Analysts maintain a consensus “Hold” rating with an average price target of $1,463.71, while company insiders sold 38,196 shares worth approximately $48.0 million over the past 90 days.

Cibc World Market Inc. acquired a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,577 shares of the aerospace company's stock, valued at approximately $14,089,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Transdigm Group by 392.9% in the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company's stock valued at $2,117,000 after purchasing an additional 1,269 shares in the last quarter. DNB Asset Management AS grew its stake in Transdigm Group by 11.6% in the 4th quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company's stock worth $34,342,000 after buying an additional 2,685 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Transdigm Group by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company's stock worth $22,914,000 after buying an additional 1,281 shares during the last quarter. Capital Research Global Investors increased its holdings 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 buying an additional 268,824 shares during the last quarter. Finally, Pier 88 Investment Partners LLC purchased a new stake in shares of Transdigm Group during the 4th quarter valued at $3,192,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Trading Down 0.1%

TDG opened at $1,198.78 on Tuesday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,463.03. The business's 50-day moving average price is $1,268.22 and its 200-day moving average price is $1,244.70. The company has a market cap of $67.05 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.00 and a beta of 0.91.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $9.60 earnings per share. The business's revenue was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities research analysts forecast that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDG. Weiss Ratings downgraded shares of Transdigm Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 2nd. Susquehanna lowered their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus reaffirmed a "hold" rating and set a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price objective on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,463.71.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,900 shares of Transdigm Group 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 value of $4,831,164.00. Following 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 sale 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 firm's stock in a transaction on 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 sale, the director directly owned 21,548 shares of the company's stock, valued at $26,204,091.84. The trade was a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,196 shares of company stock worth $48,027,598 in the last 90 days. Corporate insiders own 3.20% of the company's stock.

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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