Norges Bank Buys New Position in Transdigm Group Incorporated $TDG

Norges Bank bought a new position in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 838,486 shares of the aerospace company’s stock, valued at approximately $1,275,035,000. Norges Bank owned 1.49% of Transdigm Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avantax Advisory Services Inc. boosted its position in shares of Transdigm Group by 16.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 980 shares of the aerospace company’s stock valued at $1,355,000 after purchasing an additional 135 shares in the last quarter. LPL Financial LLC lifted its stake in Transdigm Group by 4.9% during the first quarter. LPL Financial LLC now owns 22,549 shares of the aerospace company’s stock valued at $31,192,000 after purchasing an additional 1,054 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Transdigm Group during the first quarter worth approximately $453,000. Vestcor Inc grew its position in Transdigm Group by 8.5% in the first quarter. Vestcor Inc now owns 1,105 shares of the aerospace company’s stock worth $1,529,000 after buying an additional 87 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of Transdigm Group by 51.2% in the first quarter. Bayforest Capital Ltd now owns 195 shares of the aerospace company’s stock valued at $270,000 after buying an additional 66 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research cut Transdigm Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Truist Financial decreased their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. BMO Capital Markets boosted their price objective on Transdigm Group from $1,420.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Susquehanna decreased their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Jefferies Financial Group cut their price target on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,576.29.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $1,340.00, for a total value of $5,226,000.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,824,000. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Lisman bought 1,954 shares of the company’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of $1,339.14 per share, for a total transaction of $2,616,679.56. Following the completion of the transaction, the chief executive officer owned 1,954 shares in the company, valued at approximately $2,616,679.56. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 36,086 shares of company stock worth $47,639,028 over the last 90 days. 4.09% of the stock is currently owned by insiders.

Transdigm Group Price Performance

NYSE:TDG opened at $1,360.17 on Friday. The stock has a market cap of $76.60 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The stock’s 50-day moving average is $1,308.97 and its two-hundred day moving average is $1,397.95.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Wednesday, November 12th. The aerospace company reported $10.82 EPS for the quarter, topping the consensus estimate of $10.33 by $0.49. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the company posted $9.83 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. On average, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.