Nykredit A S Makes New Investment in Transdigm Group Incorporated $TDG

Key Points

• Nykredit A/S initiated a stake in TransDigm Group during the second quarter, purchasing 14,424 shares valued at approximately $19.2 million. Institutional investors collectively own 95.78% of the company.
• Analyst sentiment is cautious: recent firms lowered price targets or downgraded the stock, leaving TransDigm with a consensus “Hold” rating and an average target of $1,452.53.
• TransDigm reported quarterly results above expectations, with $10.87 in EPS and $2.74 billion in revenue, up 22.5% year over year. However, insiders sold roughly 28,064 shares worth $33.9 million over the past 90 days, while the stock recently traded near $1,085.80.

Nykredit A S bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,424 shares of the aerospace company's stock, valued at approximately $19,213,000.

A number of other hedge funds have also recently made changes to their positions in TDG. Amundi raised its stake in Transdigm Group by 8.6% during the second quarter. Amundi now owns 102,747 shares of the aerospace company's stock valued at $136,863,000 after buying an additional 8,134 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Transdigm Group by 2.7% during the second quarter. Wedmont Private Capital now owns 871 shares of the aerospace company's stock valued at $1,125,000 after acquiring an additional 23 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of Transdigm Group during the second quarter valued at $140,000. denkapparat Operations GmbH purchased a new position in shares of Transdigm Group in the 2nd quarter worth about $1,225,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Transdigm Group by 9.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 872 shares of the aerospace company's stock worth $1,141,000 after purchasing an additional 73 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a "neutral" rating on the stock in a research report on Thursday. Morgan Stanley downgraded shares of Transdigm Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. 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. Royal Bank Of Canada reissued a "sector perform" rating and set a $1,350.00 price target on shares of Transdigm Group in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,452.53.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at $3,940,488. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W. Howley sold 10,132 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the sale, the director owned 21,548 shares of the company's stock, valued at approximately $26,639,361.44. This trade represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 28,064 shares of company stock valued at $33,947,338. 3.20% of the stock is currently owned by insiders.

Transdigm Group Stock Performance

TDG opened at $1,085.80 on Friday. The stock has a market capitalization of $60.73 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.80 and a beta of 0.91. The company's 50-day simple moving average is $1,200.76 and its two-hundred day simple moving average is $1,224.06. Transdigm Group Incorporated has a 52-week low of $1,071.25 and a 52-week high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, topping analysts' consensus estimates of $10.30 by $0.57. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The business's revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Research analysts forecast that Transdigm Group Incorporated will post 38.87 EPS for the current fiscal year.

Transdigm Group Profile

TransDigm Group Incorporated NYSE: TDG designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.

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.