Resona Asset Management Co. Ltd. Lowers Position in Transdigm Group Incorporated $TDG

Resona Asset Management Co. Ltd. lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,482 shares of the aerospace company’s stock after selling 767 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Transdigm Group were worth $22,958,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Transdigm Group by 5.0% in the 1st quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock worth $1,898,000 after acquiring an additional 65 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Transdigm Group by 92.3% in the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 131 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Transdigm Group by 4.3% in the second quarter. Assenagon Asset Management S.A. now owns 1,080 shares of the aerospace company’s stock worth $1,642,000 after purchasing an additional 45 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Transdigm Group by 18.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 423 shares of the aerospace company’s stock valued at $643,000 after purchasing an additional 66 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of Transdigm Group by 11.6% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 211 shares of the aerospace company’s stock valued at $321,000 after buying an additional 22 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 90,953 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $1,335.72, for a total transaction of $121,487,741.16. Following the sale, the director directly owned 68,139 shares in the company, valued at approximately $91,014,625.08. This represents a 57.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $1,340.00, for a total transaction of $5,226,000.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,824,000. The trade was a 52.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,765 shares of company stock valued at $265,101,510 in the last three months. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. Truist Financial decreased their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. UBS Group increased their target price on Transdigm Group from $1,798.00 to $1,804.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Susquehanna decreased their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. BNP Paribas Exane started coverage on Transdigm Group in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price target for the company. Finally, BMO Capital Markets increased their price objective on shares of Transdigm Group from $1,420.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Transdigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,597.00.

Transdigm Group Price Performance

NYSE:TDG opened at $1,417.52 on Friday. The company has a market cap of $79.83 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 3.11 and a beta of 0.94. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The stock’s 50 day simple moving average is $1,350.25 and its two-hundred day simple moving average is $1,368.62.

Transdigm Group (NYSE:TDG) last posted its earnings results on Wednesday, November 12th. The aerospace company reported $10.82 EPS for the quarter, beating analysts’ consensus estimates of $10.33 by $0.49. Transdigm Group had a negative return on equity of 31.91% and a net margin of 21.69%.The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company earned $9.83 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 36.490-38.530 EPS. As a group, analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.