Legal & General Group Plc Purchases New Stake in Transdigm Group Incorporated $TDG

Key Points

• Legal & General Group purchased 267,276 TransDigm shares worth approximately $356 million, taking a roughly 0.48% stake. Institutional investors collectively own 95.78% of TDG.
• TransDigm reported quarterly EPS of $10.87 and revenue of $2.74 billion, exceeding analyst estimates, while revenue increased 22.5% year over year.
• Analyst sentiment remains mixed, with six Buy and eleven Hold ratings and a consensus price target of $1,463.71; meanwhile, company insiders sold about $48 million of stock over the past quarter.

Legal & General Group Plc purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 267,276 shares of the aerospace company's stock, valued at approximately $356,022,000. Legal & General Group Plc owned approximately 0.48% of Transdigm Group as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TDG. BlackRock Inc. purchased a new position in Transdigm Group in the second quarter valued at about $6,489,039,000. Norges Bank acquired a new stake in Transdigm Group in the fourth quarter valued at approximately $1,025,591,000. Stockbridge Partners LLC acquired a new stake in Transdigm Group in the second quarter valued at approximately $578,480,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Transdigm Group during the second quarter valued at approximately $522,754,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Transdigm Group in the second quarter valued at $424,587,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the 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 transaction of $4,831,164.00. Following the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $4,459,536. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction that occurred 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 transaction, the director owned 21,548 shares of the company's stock, valued at approximately $26,204,091.84. The trade was a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,196 shares of company stock valued at $48,027,598 over the last quarter. Insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TDG shares. 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. Royal Bank Of Canada lowered their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a "neutral" rating in a research report on Monday, June 15th. UBS Group boosted their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,463.71.

Transdigm Group Price Performance

NYSE TDG opened at $1,193.32 on Wednesday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,463.03. The company has a market capitalization of $66.74 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. The company's fifty day moving average price is $1,266.03 and its two-hundred day moving average price is $1,244.20.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The company's revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, analysts anticipate that Transdigm Group Incorporated will post 38.81 EPS for the current year.

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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