Fifth Third Bancorp Has $20.80 Million Position in Transdigm Group Incorporated $TDG

Fifth Third Bancorp grew its stake in Transdigm Group Incorporated (NYSE:TDG) by 81.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,943 shares of the aerospace company’s stock after buying an additional 8,067 shares during the period. Fifth Third Bancorp’s holdings in Transdigm Group were worth $20,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. IFP Advisors Inc grew its position in Transdigm Group by 392.9% during the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock valued at $2,117,000 after acquiring an additional 1,269 shares during the last quarter. DNB Asset Management AS lifted its stake in Transdigm Group by 11.6% in the fourth quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company’s stock worth $34,342,000 after purchasing an additional 2,685 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Transdigm Group by 8.0% during the fourth quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock valued at $22,914,000 after buying an additional 1,281 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Transdigm Group during the third quarter valued at about $10,238,000. Finally, Capital Research Global Investors lifted its stake in shares of Transdigm Group by 12.2% in the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after acquiring an additional 268,824 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Trading Down 4.3%

Shares of TDG opened at $1,235.35 on Tuesday. The firm’s 50-day moving average price is $1,258.58 and its 200-day moving average price is $1,276.49. The firm has a market capitalization of $69.09 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 2.26 and a beta of 0.90. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82.

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

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the sale, the director directly owned 21,548 shares of the company’s stock, valued at $28,433,663.40. This represents a 31.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 42,096 shares of company stock worth $52,625,524. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Transdigm Group from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley lifted their target price on shares of Transdigm Group from $1,660.00 to $1,680.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. UBS Group lowered their price target on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, BNP Paribas Exane dropped their price target on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,499.80.

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.