Legal & General Group Plc Invests $356.02 Million in Transdigm Group Incorporated $TDG

Legal & General Group Plc purchased a new stake in Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 267,276 shares of the aerospace company’s stock, valued at approximately $356,022,000.

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

Transdigm Group Stock Down 0.5%

Shares of NYSE TDG opened at $1,193.32 on Wednesday. The stock has a market cap of $66.74 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.00 and a beta of 0.91. The firm’s 50-day simple moving average is $1,266.03 and its 200 day simple moving average is $1,244.20. Transdigm Group Incorporated has a fifty-two week low of $1,123.61 and a fifty-two week high of $1,463.03.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating the consensus estimate of $10.30 by $0.57. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. Transdigm Group’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the company’s 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 value 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 represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. The trade was a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,196 shares of company stock valued at $48,027,598 over the last 90 days. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TDG. Royal Bank Of Canada lowered 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. UBS Group upped their price target on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley cut shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Jefferies Financial Group lifted their price objective on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Finally, Susquehanna reduced their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,463.71.

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.