Nicholas Investment Partners LP Purchases Shares of 5,633 Transdigm Group Incorporated $TDG

Nicholas Investment Partners LP acquired a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,633 shares of the aerospace company's stock, valued at approximately $7,503,000.

Several other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in Transdigm Group by 392.9% during 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 during the period. DNB Asset Management AS grew its position in Transdigm Group by 11.6% during the 4th quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company's stock worth $34,342,000 after purchasing an additional 2,685 shares during the period. HighTower Advisors LLC grew its position in Transdigm Group by 8.0% during the 4th quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company's stock worth $22,914,000 after purchasing an additional 1,281 shares during the period. Capital Research Global Investors raised its stake in shares of Transdigm Group by 12.2% during the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company's stock valued at $3,293,527,000 after buying an additional 268,824 shares during the last quarter. Finally, Pier 88 Investment Partners LLC purchased a new position in shares of Transdigm Group during the 4th quarter valued at about $3,192,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent research reports. Stifel Nicolaus restated a "hold" rating and issued a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Morgan Stanley cut Transdigm Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Jefferies Financial Group boosted their price target on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Royal Bank Of Canada dropped their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 6th. Finally, BMO Capital Markets lifted their target price on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Transdigm Group presently has an average rating of "Hold" and an average price target of $1,463.71.

Transdigm Group Stock Down 0.1%

NYSE:TDG opened at $1,198.78 on Tuesday. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,463.03. The stock's 50-day moving average price is $1,268.22 and its 200-day moving average price is $1,244.70. The stock has a market capitalization of $67.05 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results 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 company 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%.Transdigm Group's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Sell-side analysts expect that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 10,132 shares of the business's stock in a transaction on Monday, July 20th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the company's stock in a transaction 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 represents a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 38,196 shares of company stock valued at $48,027,598. Corporate insiders own 3.20% of the company's stock.

Transdigm Group 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.

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source