Hsbc Holdings PLC Sells 5,190 Shares of Transdigm Group Incorporated $TDG

Hsbc Holdings PLC lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 5.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,888 shares of the aerospace company’s stock after selling 5,190 shares during the period. Hsbc Holdings PLC’s holdings in Transdigm Group were worth $118,236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDG. Franklin Resources Inc. raised its position in 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 buying an additional 293,821 shares during the last quarter. IFP Advisors Inc boosted its holdings 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 acquiring an additional 1,269 shares during the last quarter. Capital International Investors boosted its holdings in Transdigm Group by 4.1% during the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock worth $8,552,028,000 after acquiring an additional 254,750 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Transdigm Group by 29.0% in the 3rd quarter. First Trust Advisors LP now owns 31,065 shares of the aerospace company’s stock worth $40,944,000 after acquiring an additional 6,977 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Transdigm Group in the third quarter valued at about $10,238,000. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Performance

TDG opened at $1,349.90 on Friday. Transdigm Group Incorporated has a fifty-two week low of $1,123.61 and a fifty-two week high of $1,623.82. The firm has a 50-day moving average of $1,241.25 and a 200 day moving average of $1,275.82. The firm has a market cap of $75.50 billion, a P/E ratio of 42.13, a PEG ratio of 2.35 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 earnings per share for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company earned $9.11 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. Equities research analysts predict that Transdigm Group Incorporated will post 37.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $28,433,663.40. This trade represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group 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 transaction of $4,979,442.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,596,408. This represents a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,096 shares of company stock worth $52,625,524 in the last ninety days. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDG has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada decreased their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Weiss Ratings downgraded Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna reduced their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,518.25.

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.