CIBC Bancorp USA Inc. Invests $10.24 Million in Transdigm Group Incorporated $TDG

CIBC Bancorp USA Inc. acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,768 shares of the aerospace company’s stock, valued at approximately $10,238,000.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Norges Bank acquired a new stake in Transdigm Group during the 2nd quarter worth approximately $1,275,035,000. Principal Financial Group Inc. lifted its stake in Transdigm Group by 18.3% in the third quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after buying an additional 367,756 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Transdigm Group by 161.7% in the third quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after buying an additional 293,821 shares during the period. Capital International Investors increased its position in shares of Transdigm Group by 4.1% during the third quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock worth $8,552,028,000 after acquiring an additional 254,750 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Transdigm Group by 10.2% during the third quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company’s stock worth $2,909,850,000 after acquiring an additional 203,997 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,178.62 on Friday. Transdigm Group Incorporated has a 52 week low of $1,169.36 and a 52 week high of $1,623.82. The stock has a market capitalization of $66.56 billion, a P/E ratio of 37.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The stock has a fifty day moving average of $1,327.36 and a 200-day moving average of $1,316.78.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share for the quarter, beating the consensus estimate of $7.99 by $0.24. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm posted $7.83 earnings per share. Transdigm Group’s revenue was up 13.9% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. KeyCorp cut shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Transdigm Group in a report on Monday, December 29th. Zacks Research upgraded Transdigm Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. UBS Group reduced their price objective on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $1,400.00 price objective on shares of Transdigm Group in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,584.44.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 10,168 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total value of $13,296,490.24. Following the sale, the director owned 21,548 shares in the company, valued at $28,177,888.64. This trade represents a 32.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $1,243.70, for a total transaction of $4,850,430.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,477,320. The trade was a 52.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 126,680 shares of company stock worth $174,863,016 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

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.