Northwestern Mutual Wealth Management Co. Invests $2.55 Million in Transdigm Group Incorporated $TDG

Key Points

• Northwestern Mutual Wealth Management purchased 1,911 TransDigm shares worth approximately $2.55 million in the second quarter. Institutional investors collectively own 95.78% of TDG.
• TransDigm insiders sold 38,196 shares worth about $48.0 million during the latest quarter, including substantial sales by COO Joel Reiss and director W. Nicholas Howley.
• The company exceeded quarterly expectations, reporting $10.87 in EPS and $2.74 billion in revenue, up 22.5% year over year. Despite the results, analysts maintain a consensus “Hold” rating with a $1,463.71 target price.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,911 shares of the aerospace company's stock, valued at approximately $2,546,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Transdigm Group during the second quarter worth about $6,489,039,000. Norges Bank acquired a new position in shares of Transdigm Group in the 4th quarter valued at approximately $1,025,591,000. Bank of New York Mellon Corp bought a new stake in Transdigm Group during the 2nd quarter worth approximately $424,587,000. Capital Research Global Investors increased its stake in 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 worth $3,293,527,000 after purchasing an additional 268,824 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Transdigm Group during the 2nd quarter worth approximately $232,851,000. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,900 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,459,536. This represents a 52.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction dated 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 transaction, the director owned 21,548 shares of the company's stock, valued at $26,204,091.84. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,196 shares of company stock worth $48,027,598. Corporate insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of research analyst reports. Susquehanna dropped their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a "neutral" rating on the stock in a report on Wednesday, May 6th. Stifel Nicolaus reiterated a "hold" rating and set a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Morgan Stanley downgraded Transdigm Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. 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 report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their price objective 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. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,463.71.

Transdigm Group Stock Down 0.1%

NYSE:TDG opened at $1,198.78 on Tuesday. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,463.03. The stock's 50 day moving average price is $1,268.22 and its two-hundred day moving average price is $1,244.70. The firm has a market capitalization of $67.05 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.00 and a beta of 0.91.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.30 by $0.57. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter in the previous year, the company posted $9.60 earnings per share. The business's revenue was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities research analysts expect 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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