Hsbc Holdings PLC Buys 8,266 Shares of Transdigm Group Incorporated $TDG

Hsbc Holdings PLC boosted its stake in Transdigm Group Incorporated (NYSE:TDG) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,325 shares of the aerospace company’s stock after buying an additional 8,266 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Transdigm Group worth $121,402,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Transdigm Group by 5.0% in the first quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock valued at $1,898,000 after purchasing an additional 65 shares during the last quarter. Acadian Asset Management LLC increased its stake in Transdigm Group by 92.3% in the 1st quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock valued at $376,000 after buying an additional 131 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Transdigm Group by 152.9% during the 2nd quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after buying an additional 1,248 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Transdigm Group by 25.4% in the 2nd quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock worth $50,227,000 after buying an additional 6,697 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Transdigm Group by 3.6% in the second quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock valued at $39,264,000 after acquiring an additional 902 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. UBS Group boosted their price objective on 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. Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Susquehanna decreased their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, BMO Capital Markets upped their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,463.71.

Insider Transactions at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was 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 in the company, valued at $4,459,536. This trade represents a 52.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $26,639,361.44. The trade was a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,196 shares of company stock worth $48,027,598 in the last three months. 3.20% of the stock is currently owned by insiders.

Transdigm Group Trading Down 0.5%

TDG opened at $1,193.32 on Wednesday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,463.03. The company has a market cap of $66.74 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. The company has a 50 day moving average of $1,266.03 and a 200 day moving average of $1,244.20.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the firm posted $9.60 EPS. The business’s revenue for the quarter 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. Research analysts forecast that Transdigm Group Incorporated will post 38.81 earnings per share for the current fiscal year.

Transdigm Group Company 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.