The Manufacturers Life Insurance Company Buys 202,300 Shares of Transdigm Group Incorporated $TDG

The Manufacturers Life Insurance Company increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 106.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,447 shares of the aerospace company’s stock after purchasing an additional 202,300 shares during the period. The Manufacturers Life Insurance Company’s holdings in Transdigm Group were worth $522,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TDG. IFP Advisors Inc raised its stake in Transdigm Group by 392.9% during the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock worth $2,117,000 after buying an additional 1,269 shares during the period. DNB Asset Management AS increased its holdings in shares of 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 acquiring an additional 2,685 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Transdigm Group by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock worth $22,914,000 after acquiring an additional 1,281 shares in the last quarter. Capital Research Global Investors raised its position in shares of Transdigm Group by 12.2% during the fourth 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 period. Finally, Norges Bank acquired a new stake in shares of Transdigm Group during the fourth quarter worth about $1,025,591,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Transdigm Group in a research report on Friday, August 28th. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $1,680.00 to $1,345.00 in a research note on Wednesday, July 15th. 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. UBS Group increased their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,463.71.

Transdigm Group Stock Down 0.0%

Shares of TDG stock opened at $1,125.41 on Friday. Transdigm Group Incorporated has a 12 month low of $1,119.62 and a 12 month high of $1,463.03. The company’s fifty day simple moving average is $1,227.47 and its 200-day simple moving average is $1,232.16. The firm has a market cap of $62.94 billion, a PE ratio of 34.14, a P/E/G ratio of 1.87 and a beta of 0.91.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. 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 business earned $9.60 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Insider Activity

In related news, Director W. Howley sold 10,132 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,459,536. This represents a 52.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 38,196 shares of company stock worth $48,027,598 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Transdigm Group Company Profile

TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.