Eastern Bank Acquires 6,120 Shares of Transdigm Group Incorporated $TDG

Eastern Bank lifted its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 7,846.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,198 shares of the aerospace company’s stock after purchasing an additional 6,120 shares during the period. Eastern Bank’s holdings in Transdigm Group were worth $8,169,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new stake in Transdigm Group in the third quarter worth about $26,000. Bank of Jackson Hole Trust increased its stake in shares of Transdigm Group by 84.6% during the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 11 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Transdigm Group by 1,250.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 25 shares during the period. Ameritas Advisory Services LLC purchased a new position in Transdigm Group in the second quarter valued at approximately $47,000. Finally, Security National Bank bought a new position in Transdigm Group during the third quarter valued at $53,000. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other Transdigm Group news, COO Patrick Joseph Murphy sold 290 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $1,329.03, for a total value of $385,418.70. Following the sale, the chief operating officer owned 1,055 shares of the company’s stock, valued at $1,402,126.65. This trade represents a 21.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 4,700 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $1,290.19, for a total value of $6,063,893.00. Following the transaction, the director directly owned 5,625 shares of the company’s stock, valued at $7,257,318.75. The trade was a 45.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 187,238 shares of company stock worth $252,637,131. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial lowered their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Morgan Stanley boosted their price objective on Transdigm Group from $1,600.00 to $1,660.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. BNP Paribas Exane initiated coverage on shares of Transdigm Group in a research report on Tuesday, November 18th. They set an “outperform” rating and a $1,775.00 target price for the company. Royal Bank Of Canada boosted their price target on shares of Transdigm Group from $1,385.00 to $1,400.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Finally, UBS Group raised their price objective on shares of Transdigm Group from $1,738.00 to $1,798.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,596.60.

Transdigm Group Trading Down 0.3%

Shares of Transdigm Group stock opened at $1,382.55 on Wednesday. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company has a market cap of $77.87 billion, a price-to-earnings ratio of 43.10, a PEG ratio of 3.04 and a beta of 0.94. The company’s 50-day moving average price is $1,327.96 and its 200-day moving average price is $1,372.29.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $10.82 EPS for the quarter, beating the consensus estimate of $10.33 by $0.49. Transdigm Group had a net margin of 21.69% and a negative return on equity of 31.91%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company earned $9.83 earnings per share. Transdigm Group’s revenue for the quarter was up 11.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. On average, sell-side analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current 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.