AIA Group Ltd Trims Stock Position in Transdigm Group Incorporated $TDG

AIA Group Ltd cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,823 shares of the aerospace company’s stock after selling 742 shares during the period. AIA Group Ltd’s holdings in Transdigm Group were worth $5,590,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd grew its holdings in shares of Transdigm Group by 50.7% during the 1st quarter. Mediolanum International Funds Ltd now owns 3,957 shares of the aerospace company’s stock worth $4,483,000 after purchasing an additional 1,331 shares during the period. Spartan Wealth Advisory Services LLC acquired a new position in Transdigm Group in the first quarter valued at about $1,642,000. SPX Gestao de Recursos Ltda boosted its stake in Transdigm Group by 27.1% during the first quarter. SPX Gestao de Recursos Ltda now owns 1,780 shares of the aerospace company’s stock worth $2,063,000 after buying an additional 380 shares during the period. Jennison Associates LLC acquired a new stake in shares of Transdigm Group during the first quarter valued at about $20,510,000. Finally, Zhang Financial LLC purchased a new stake in shares of Transdigm Group in the 1st quarter valued at approximately $461,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Trading Up 0.0%

Shares of NYSE TDG opened at $1,214.45 on Monday. The stock has a market cap of $67.92 billion, a P/E ratio of 37.90, a PEG ratio of 2.13 and a beta of 0.90. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,623.82. The business’s fifty day simple moving average is $1,258.81 and its 200-day simple moving average is $1,273.96.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, topping the consensus estimate of $9.46 by $0.39. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.Transdigm Group’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $9.11 EPS. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, equities analysts forecast that Transdigm Group Incorporated will post 37.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction dated 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 completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at $28,433,663.40. The trade was a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer 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 SEC filing for this sale provides additional information. Insiders have sold 28,064 shares of company stock worth $34,814,142 over the last 90 days. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TDG shares. JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Wall Street Zen lowered Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group upped their price target on Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. Royal Bank Of Canada dropped their price objective on 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. Finally, Weiss Ratings downgraded Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,477.47.

Transdigm Group 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.