Erste Asset Management GmbH Makes New $599,000 Investment in Transdigm Group Incorporated $TDG

Erste Asset Management GmbH bought a new stake in Transdigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 464 shares of the aerospace company’s stock, valued at approximately $599,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Transdigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 6,814,938 shares of the aerospace company’s stock valued at $8,982,225,000 after buying an additional 121,049 shares during the last quarter. Principal Financial Group Inc. raised 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 acquiring an additional 367,756 shares during the period. State Street Corp lifted its holdings in shares of Transdigm Group by 2.5% in the 2nd quarter. State Street Corp now owns 2,343,288 shares of the aerospace company’s stock worth $3,563,297,000 after acquiring an additional 56,141 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Transdigm Group by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,214,396 shares of the aerospace company’s stock worth $1,837,459,000 after purchasing an additional 17,946 shares during the period. Finally, Norges Bank purchased a new position in shares of Transdigm Group during the 2nd quarter worth approximately $1,275,035,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Transdigm Group Stock Performance

Shares of TDG opened at $1,304.54 on Monday. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The stock has a market capitalization of $73.67 billion, a PE ratio of 41.97, a PEG ratio of 2.73 and a beta of 0.93. The stock has a 50-day simple moving average of $1,352.79 and a 200-day simple moving average of $1,330.81.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 earnings per share for the quarter, topping analysts’ consensus estimates of $7.99 by $0.24. Transdigm Group had a net margin of 20.50% and a negative return on equity of 29.07%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $7.83 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 10,168 shares of Transdigm Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total transaction of $13,296,490.24. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $28,177,888.64. The trade was a 32.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin M. Stein sold 36,925 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $1,425.79, for a total transaction of $52,647,295.75. Following the transaction, the director owned 19,233 shares of the company’s stock, valued at approximately $27,422,219.07. The trade was a 65.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 229,727 shares of company stock worth $314,182,120. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDG. Stifel Nicolaus cut their target price on Transdigm Group from $1,710.00 to $1,650.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a research note on Wednesday, February 4th. BNP Paribas Exane assumed coverage on Transdigm Group in a report on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price objective on the stock. Royal Bank Of Canada increased their target price on Transdigm Group from $1,385.00 to $1,400.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Zacks Research raised Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,584.44.

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.