Transdigm Group Incorporated $TDG Shares Acquired by Veritas Asset Management LLP

Key Points

• Veritas Asset Management increased its TransDigm stake by 3% in the second quarter, owning 137,969 shares valued at approximately $183.8 million. Institutional investors collectively own 95.78% of TDG.
• Analyst sentiment is mixed: six analysts rate TDG a Buy and eleven rate it Hold, resulting in an overall “Hold” consensus and an average price target of $1,463.71.
• TransDigm insiders sold $48.0 million worth of shares over the past 90 days, while the company’s latest quarterly results exceeded expectations, with $10.87 in EPS and $2.74 billion in revenue.

Veritas Asset Management LLP boosted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,969 shares of the aerospace company's stock after purchasing an additional 3,995 shares during the quarter. Transdigm Group comprises 3.4% of Veritas Asset Management LLP's investment portfolio, making the stock its 13th largest holding. Veritas Asset Management LLP owned 0.25% of Transdigm Group worth $183,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDG. California State Teachers Retirement System boosted its stake in shares of Transdigm Group by 120,385.0% during the second quarter. California State Teachers Retirement System now owns 112,352,246 shares of the aerospace company's stock worth $149,657,686,000 after buying an additional 112,258,996 shares during the period. BlackRock Inc. purchased a new position in shares of Transdigm Group during the second quarter worth about $6,489,039,000. Norges Bank acquired a new position in Transdigm Group in the 4th quarter valued at about $1,025,591,000. Stockbridge Partners LLC acquired a new position in Transdigm Group in the 2nd quarter valued at about $578,480,000. Finally, Primecap Management Co. CA purchased a new stake in Transdigm Group during the 2nd quarter valued at approximately $546,425,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TDG shares. Morgan Stanley downgraded Transdigm Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. UBS Group increased their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings restated a "hold (c)" rating on shares of Transdigm Group in a research report on Friday, August 28th. Finally, BNP Paribas Exane reduced their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an "outperform" rating for the company in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,463.71.

Insider Activity

In other news, Director W. Howley sold 10,132 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, 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 SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction that occurred 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 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. Insiders sold 38,196 shares of company stock worth $48,027,598 in the last ninety days. Insiders own 3.20% of the company's stock.

Transdigm Group Price Performance

Shares of TDG stock traded down $14.56 during midday trading on Tuesday, reaching $1,147.49. 328,179 shares of the company traded hands, compared to its average volume of 393,549. The firm has a market cap of $64.18 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The firm's 50 day simple moving average is $1,235.60 and its two-hundred day simple moving average is $1,235.10. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, research analysts anticipate that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal 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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