Resona Asset Management Co. Ltd. Trims Stock Position in Transdigm Group Incorporated $TDG

Resona Asset Management Co. Ltd. lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,686 shares of the aerospace company’s stock after selling 796 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Transdigm Group were worth $22,149,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after purchasing an additional 367,756 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after purchasing an additional 293,821 shares in the last quarter. Capital International Investors increased its stake in shares of Transdigm Group by 4.1% in the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock valued at $8,552,028,000 after purchasing an additional 254,750 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Transdigm Group by 10.2% in the 3rd quarter. Capital Research Global Investors now owns 2,207,837 shares of the aerospace company’s stock valued at $2,909,850,000 after purchasing an additional 203,997 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Transdigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company’s stock valued at $8,982,225,000 after purchasing an additional 121,049 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDG. Robert W. Baird restated a “neutral” rating and issued a $1,400.00 price target on shares of Transdigm Group in a research note on Wednesday, February 4th. Stifel Nicolaus lowered their price objective on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. UBS Group lowered their price objective on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. 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 on the stock in a report on Wednesday, May 6th. Finally, KeyCorp cut Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,524.18.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,178.86 on Wednesday. The stock has a market cap of $65.93 billion, a P/E ratio of 36.79, a P/E/G ratio of 2.07 and a beta of 0.90. The stock’s 50 day simple moving average is $1,198.52 and its 200-day simple moving average is $1,287.59. 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 issued its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share for the quarter, topping the consensus estimate of $9.46 by $0.39. The business had revenue of $2.54 billion for 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%.The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. 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. As a group, research analysts expect that Transdigm Group Incorporated will post 37.82 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,154.09, for a total value of $4,500,951.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,154,724. This represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $26,138,801.40. This represents a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 42,096 shares of company stock worth $51,417,454. Insiders own 3.20% of the company’s stock.

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.