CIBC Asset Management Inc Grows Stock Holdings in Transdigm Group Incorporated $TDG

CIBC Asset Management Inc raised its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,274 shares of the aerospace company’s stock after acquiring an additional 5,499 shares during the quarter. CIBC Asset Management Inc’s holdings in Transdigm Group were worth $17,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TDG. Vulcan Value Partners LLC lifted its holdings in shares of Transdigm Group by 7.8% in the third quarter. Vulcan Value Partners LLC now owns 249,643 shares of the aerospace company’s stock worth $328,977,000 after buying an additional 18,048 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in Transdigm Group during the 3rd quarter worth approximately $62,785,000. Envestnet Asset Management Inc. increased its holdings in Transdigm Group by 2.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 73,818 shares of the aerospace company’s stock worth $97,293,000 after acquiring an additional 1,706 shares during the period. Franklin Resources Inc. lifted its stake in Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock worth $626,704,000 after purchasing an additional 293,821 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Transdigm Group in the 3rd quarter valued at $1,795,000. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Performance

NYSE TDG opened at $1,228.12 on Friday. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82. The company has a fifty day moving average of $1,201.40 and a 200-day moving average of $1,281.72. The company has a market capitalization of $68.69 billion, a P/E ratio of 38.33, a P/E/G ratio of 2.12 and a beta of 0.91.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $9.11 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, analysts forecast that Transdigm Group Incorporated will post 37.82 EPS for the current fiscal year.

Insider Activity

In related news, Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $26,138,801.40. The trade was a 31.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,154.09, for a total value of $4,500,951.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,154,724. This represents a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,096 shares of company stock worth $51,417,454 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets reduced their target price on Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Jefferies Financial Group upped their target price on Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. TD Cowen dropped their price target on Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Transdigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,524.18.

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.