Jennison Associates LLC Acquires Shares of 17,697 Transdigm Group Incorporated $TDG

Jennison Associates LLC acquired a new stake in Transdigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,697 shares of the aerospace company’s stock, valued at approximately $20,510,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDG. IFP Advisors Inc grew its stake in Transdigm Group by 392.9% in the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock worth $2,117,000 after purchasing an additional 1,269 shares in the last quarter. DNB Asset Management AS raised its position in Transdigm Group by 11.6% during the 4th quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company’s stock valued at $34,342,000 after purchasing an additional 2,685 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Transdigm Group by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock worth $22,914,000 after buying an additional 1,281 shares during the period. Capital Research Global Investors grew its position in shares of Transdigm Group by 12.2% during 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 buying an additional 268,824 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Transdigm Group by 1,830.0% during the fourth quarter. SG Americas Securities LLC now owns 47,072 shares of the aerospace company’s stock valued at $62,599,000 after buying an additional 44,633 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Price Performance

TDG opened at $1,205.88 on Tuesday. The firm has a market capitalization of $67.44 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.90. The business’s 50-day moving average is $1,258.91 and its two-hundred day moving average is $1,273.18. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly 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. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $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. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 37.96 EPS for the current year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This represents a 52.00% 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, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on 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 sale, the director owned 21,548 shares of the company’s stock, valued at approximately $28,433,663.40. This represents a 31.98% 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 three months. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TDG shares. BNP Paribas Exane lowered their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company assumed coverage on shares of Transdigm Group in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price target for the company. Wall Street Zen downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, UBS Group cut their price objective on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group presently has a consensus rating of “Hold” and an average target price of $1,477.47.

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.