The Manufacturers Life Insurance Company Buys 153,131 Shares of Transdigm Group Incorporated $TDG

The Manufacturers Life Insurance Company grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 413.7% during the first quarter, HoldingsChannel reports. The firm owned 190,147 shares of the aerospace company’s stock after purchasing an additional 153,131 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Transdigm Group were worth $220,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in shares of Transdigm Group by 5.0% during the 1st quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock worth $1,898,000 after acquiring an additional 65 shares during the period. Acadian Asset Management LLC raised its holdings in Transdigm Group by 92.3% in the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 131 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Transdigm Group by 152.9% in the second quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after purchasing an additional 1,248 shares in the last quarter. Sei Investments Co. lifted its position in Transdigm Group by 25.4% during the second quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock valued at $50,227,000 after buying an additional 6,697 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Transdigm Group by 3.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock valued at $39,264,000 after buying an additional 902 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $1,319.55, for a total transaction of $13,369,680.60. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $28,433,663.40. This trade represents a 31.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. The trade was a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,064 shares of company stock valued at $34,814,142 in the last three months. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDG. Jefferies Financial Group increased their price target on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. Wall Street Zen cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings downgraded shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target 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. Finally, BNP Paribas Exane cut their price target on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,477.47.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,288.46 on Tuesday. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,623.82. The firm’s 50-day moving average is $1,263.69 and its 200 day moving average is $1,268.76. The stock has a market cap of $72.07 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.18 and a beta of 0.90.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. Transdigm Group’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $9.11 EPS. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, equities analysts expect that Transdigm Group Incorporated will post 37.77 EPS for the current fiscal year.

About Transdigm Group

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.