Hsbc Holdings PLC Acquires 1,935 Shares of Transdigm Group Incorporated $TDG

Key Points

• HSBC Holdings PLC has increased its stake in Transdigm Group by 2.0%, acquiring an additional 1,935 shares, bringing their total to 100,147 shares valued at approximately $138.45 million.
• Transdigm Group's stock has received a number of upgraded price targets from analysts, with Truist Financial setting a new target of $1,730 and Citigroup raising their target to $1,795.
• Over the past 90 days, insiders of Transdigm Group have sold 62,172 shares for a total of approximately $89.7 million, indicating significant insider activity amidst growing institutional investment in the company.

Hsbc Holdings PLC increased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,147 shares of the aerospace company's stock after buying an additional 1,935 shares during the period. Hsbc Holdings PLC owned about 0.18% of Transdigm Group worth $138,452,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Winch Advisory Services LLC boosted its position in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the period. Rothschild Investment LLC boosted its position in Transdigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after buying an additional 8 shares during the period. Balefire LLC boosted its position in Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares during the period. New Republic Capital LLC boosted its position in Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in Transdigm Group by 3.7% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after buying an additional 8 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. KeyCorp dropped their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Citigroup boosted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group Stock Up 0.5%

Transdigm Group stock opened at $1,396.60 on Wednesday. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm's fifty day moving average is $1,501.00 and its 200 day moving average is $1,413.94. The company has a market capitalization of $78.70 billion, a PE ratio of 46.35, a PEG ratio of 2.87 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $9.00 EPS. The firm's revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,172 shares of company stock worth $89,692,367. Company insiders own 4.09% of the company's stock.

Transdigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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