Palisade Capital Management LP Makes New $2.26 Million Investment in Transdigm Group Incorporated $TDG

Palisade Capital Management LP purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,700 shares of the aerospace company’s stock, valued at approximately $2,264,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Transdigm Group during the second quarter worth approximately $6,489,039,000. Norges Bank bought a new position in Transdigm Group during the 4th quarter worth $1,025,591,000. Stockbridge Partners LLC acquired a new position in Transdigm Group in the 2nd quarter valued at $578,480,000. The Manufacturers Life Insurance Company bought a new stake in shares of Transdigm Group during the 2nd quarter valued at $522,754,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Transdigm Group during the 2nd quarter valued at $424,587,000. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. BNP Paribas Exane decreased their price target on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada dropped their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Transdigm Group currently has a consensus rating of “Hold” and a consensus price target of $1,463.71.

Transdigm Group Trading Down 0.5%

TDG opened at $1,193.32 on Wednesday. The company has a fifty day moving average price of $1,266.03 and a two-hundred day moving average price of $1,244.20. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,463.03. The company has a market cap of $66.74 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91.

Transdigm Group (NYSE:TDG) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business earned $9.60 EPS. Transdigm Group’s quarterly revenue was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In other news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the sale, the director directly owned 21,548 shares in the company, valued at $26,204,091.84. The trade was a 31.98% decrease in their position. The transaction 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 transaction of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,459,536. This trade represents a 52.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,196 shares of company stock worth $48,027,598. Insiders own 3.20% of the company’s stock.

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.