Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Transdigm Group Incorporated $TDG

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,824 shares of the aerospace company’s stock, valued at approximately $25,074,000.

A number of other institutional investors have also recently added to or reduced their stakes in TDG. Haverford Trust Co acquired a new stake in Transdigm Group in the second quarter valued at approximately $1,275,000. First Nebraska Trust Co acquired a new position in shares of Transdigm Group during the 2nd quarter worth $258,000. Bank of Nova Scotia bought a new position in shares of Transdigm Group during the 2nd quarter valued at $8,422,000. Elevation Point Wealth Partners LLC bought a new position in shares of Transdigm Group during the 2nd quarter valued at $1,160,000. Finally, Alta Advisers Ltd acquired a new stake in shares of Transdigm Group in the 2nd quarter valued at $294,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on TDG shares. UBS Group increased their target price on shares of 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. Weiss Ratings downgraded Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus reissued a “hold” rating and set a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. 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, Transdigm Group presently has an average rating of “Hold” and an average price target of $1,463.71.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,459,536. The trade was a 52.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. This trade represents a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,196 shares of company stock valued at $48,027,598 in the last three months. 3.20% of the stock is owned by insiders.

Transdigm Group Price Performance

Shares of TDG opened at $1,198.78 on Tuesday. The company has a market capitalization of $67.05 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,463.03. The company’s fifty day moving average price is $1,268.22 and its 200 day moving average price is $1,244.70.

Transdigm Group (NYSE:TDG) last released its quarterly 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. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Analysts anticipate that Transdigm Group Incorporated will post 38.81 earnings per share 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.