Hsbc Holdings PLC Sells 5,829 Shares of Transdigm Group Incorporated $TDG

Hsbc Holdings PLC trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 6.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 83,059 shares of the aerospace company’s stock after selling 5,829 shares during the period. Hsbc Holdings PLC’s holdings in Transdigm Group were worth $96,201,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital International Investors increased its holdings in shares of Transdigm Group by 0.9% during the 4th quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company’s stock valued at $8,702,655,000 after acquiring an additional 55,230 shares during the last quarter. Capital World Investors lifted its holdings in Transdigm Group by 0.4% in the 4th quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company’s stock worth $5,258,898,000 after purchasing an additional 15,825 shares during the last quarter. Capital Research Global Investors lifted its holdings in 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 worth $3,293,527,000 after purchasing an additional 268,824 shares during the last quarter. State Street Corp boosted its position in Transdigm Group by 2.8% during the fourth quarter. State Street Corp now owns 2,456,186 shares of the aerospace company’s stock worth $3,266,359,000 after purchasing an additional 67,348 shares during the period. Finally, Norges Bank bought a new stake in Transdigm Group during the fourth quarter worth approximately $1,025,591,000. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus dropped their target price on shares of 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. JPMorgan Chase & Co. upped their price target on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Finally, Royal Bank Of Canada lowered their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,477.47.

Transdigm Group Trading Up 0.0%

Shares of TDG stock opened at $1,214.45 on Monday. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,623.82. The firm’s fifty day simple moving average is $1,258.81 and its 200 day simple moving average is $1,273.96. The firm has a market capitalization of $67.92 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 2.13 and a beta of 0.90.

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

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,180.82, for a total transaction of $11,964,068.24. Following the transaction, the director directly owned 21,548 shares in the company, valued at $25,444,309.36. The trade was a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This trade represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,064 shares of company stock valued at $34,814,142 in the last ninety days. 3.20% of the stock is owned by company insiders.

About Transdigm Group

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.