Man Group plc Buys New Position in Transdigm Group Incorporated $TDG

Key Points

• Man Group initiated a TransDigm position of 15,303 shares worth approximately $20.4 million, while institutional investors collectively own 95.78% of TDG.
• TransDigm exceeded quarterly expectations, reporting $10.87 EPS versus the $10.30 consensus and $2.74 billion in revenue, up 22.5% year over year.
• Analyst sentiment remains mixed: six analysts rate TDG a Buy and eleven rate it Hold, producing a consensus Hold rating and a $1,463.71 price target; insiders have sold about $48 million in shares over the past 90 days.

Man Group plc purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,303 shares of the aerospace company's stock, valued at approximately $20,384,000.

Several other institutional investors also recently added to or reduced their stakes in TDG. BlackRock Inc. purchased a new position in shares of Transdigm Group during the second quarter worth approximately $6,489,039,000. Norges Bank purchased a new stake in Transdigm Group in the 4th quarter valued at $1,025,591,000. Stockbridge Partners LLC acquired a new stake in Transdigm Group during the 2nd quarter worth $578,480,000. Primecap Management Co. CA acquired a new stake in Transdigm Group during the 2nd quarter worth $546,425,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Transdigm Group during the 2nd quarter worth $522,754,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group lifted their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Stifel Nicolaus reissued a "hold" rating and set a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. BMO Capital Markets boosted their price target on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an "outperform" rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded Transdigm Group from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Transdigm Group has a consensus rating of "Hold" and a consensus price target of $1,463.71.

Transdigm Group Price Performance

TDG opened at $1,207.28 on Thursday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,463.03. The stock has a market capitalization of $67.52 billion, a P/E ratio of 36.63, a P/E/G ratio of 1.99 and a beta of 0.91. The business has a 50 day simple moving average of $1,263.86 and a 200-day simple moving average of $1,243.80.

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, topping analysts' consensus estimates of $10.30 by $0.57. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.Transdigm Group's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Research analysts anticipate that Transdigm Group Incorporated will post 38.81 EPS for the current year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 10,132 shares of the business's stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction dated 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 in the company, valued at $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 38,196 shares of company stock worth $48,027,598. Corporate insiders own 3.20% of the company's stock.

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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