NBT Bank N.A. Buys 1,185 Shares of Transdigm Group Incorporated $TDG

Key Points

• NBT Bank initiated a TransDigm Group position by purchasing 1,185 shares worth approximately $1.28 million. Institutional investors and hedge funds collectively own 95.78% of TDG.
• Analysts maintain a cautious outlook, with a consensus “Hold” rating and an average price target of $1,428.40 after several firms lowered their targets.
• TDG shares opened at $1,105.65, down 3.2%, and are near their 52-week low. Meanwhile, insiders sold 22,032 shares worth about $26.25 million during the last quarter.

NBT Bank N.A. bought a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,185 shares of the aerospace company's stock, valued at approximately $1,283,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Stockbridge Partners LLC bought a new position in Transdigm Group during the 2nd quarter worth approximately $578,480,000. Veritas Asset Management LLP boosted its stake in shares of Transdigm Group by 3.0% in the 2nd quarter. Veritas Asset Management LLP now owns 137,969 shares of the aerospace company's stock valued at $183,780,000 after purchasing an additional 3,995 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Transdigm Group by 106.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company's stock valued at $522,754,000 after purchasing an additional 202,300 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Transdigm Group during the first quarter worth $5,772,000. Finally, Walter Public Investments Inc. increased its position in shares of Transdigm Group by 109.8% during the first quarter. Walter Public Investments Inc. now owns 5,224 shares of the aerospace company's stock worth $6,054,000 after buying an additional 2,734 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on TDG. BMO Capital Markets dropped their target price on shares of Transdigm Group from $1,525.00 to $1,400.00 and set an "outperform" rating on the stock in a report on Monday, September 28th. Melius Research reiterated a "hold" rating and set a $1,331.00 price target on shares of Transdigm Group in a report on Monday, September 14th. Guggenheim initiated coverage on Transdigm Group in a research report on Tuesday, September 15th. They issued a "neutral" rating for the company. Stifel Nicolaus reissued a "hold" rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Transdigm Group from $1,450.00 to $1,415.00 and set a "neutral" rating on the stock in a research note on Thursday, September 17th. Five analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,428.40.

Insiders Place Their Bets

In related news, Director W. Howley sold 10,132 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 4,100 shares of Transdigm Group stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $4,060,944. The trade was a 53.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,032 shares of company stock worth $26,250,979. 3.20% of the stock is owned by company insiders.

Transdigm Group Trading Down 3.2%

TDG opened at $1,105.65 on Friday. The company has a fifty day moving average price of $1,135.66 and a two-hundred day moving average price of $1,205.87. Transdigm Group Incorporated has a 1-year low of $1,071.25 and a 1-year high of $1,463.03. The company has a market cap of $61.84 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating analysts' consensus estimates of $10.30 by $0.57. The firm 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 company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.

Transdigm Group Profile

TransDigm Group Incorporated NYSE: TDG is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.

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