Connor Clark & Lunn Investment Management Ltd. Takes $25.07 Million Position in Transdigm Group Incorporated $TDG

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 18,824 shares of the aerospace company’s stock, valued at approximately $25,074,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Haverford Trust Co acquired a new position in Transdigm Group in the 2nd quarter worth $1,275,000. First Nebraska Trust Co acquired a new stake in shares of Transdigm Group during the second quarter valued at about $258,000. Bank of Nova Scotia purchased a new stake in shares of Transdigm Group during the second quarter worth about $8,422,000. Elevation Point Wealth Partners LLC purchased a new stake in Transdigm Group during the 2nd quarter worth approximately $1,160,000. Finally, Alta Advisers Ltd bought a new stake in shares of Transdigm Group in the second quarter worth $294,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the sale, the director owned 21,548 shares of the company’s stock, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,459,536. This represents a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,196 shares of company stock valued at $48,027,598. Insiders own 3.20% of the company’s stock.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,198.78 on Tuesday. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,463.03. The firm has a market capitalization of $67.05 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.00 and a beta of 0.91. The company has a 50 day moving average price of $1,268.22 and a 200 day moving average price of $1,244.70.

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

Wall Street Analyst Weigh In

TDG has been the subject of several research analyst reports. Wall Street Zen lowered Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Jefferies Financial Group increased their price objective on shares of Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Royal Bank Of Canada cut their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,463.71.

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.