Fifth Third Bancorp Buys New Shares in Transdigm Group Incorporated $TDG

Fifth Third Bancorp purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,760 shares of the aerospace company’s stock, valued at approximately $19,227,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC purchased a new position in Transdigm Group in the second quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Transdigm Group in the 2nd quarter worth approximately $31,000. Trust Co. of Vermont purchased a new position in Transdigm Group in the second quarter valued at approximately $33,000. Western Wealth Management LLC purchased a new position in Transdigm Group in the first quarter valued at approximately $30,000. Finally, Reyes Financial Architecture Inc. purchased a new position in Transdigm Group in the third quarter valued at approximately $32,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Trading Up 1.1%

TDG stock opened at $1,215.81 on Friday. The company’s 50 day moving average is $1,135.80 and its 200 day moving average is $1,217.95. The stock has a market cap of $66.37 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. Transdigm Group Incorporated has a 1-year low of $1,071.25 and a 1-year high of $1,463.03.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $12.44 earnings per share for the quarter, beating analysts’ consensus estimates of $12.21 by $0.23. Transdigm Group had a negative return on equity of 24.14% and a net margin of 19.94%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the business posted $10.82 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Transdigm Group has set its FY 2027 guidance at 47.090-47.940 EPS. As a group, sell-side analysts forecast that Transdigm Group Incorporated will post 44.94 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 4,100 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at $4,060,944. The trade was a 53.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W. Howley sold 10,132 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. This represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,032 shares of company stock worth $26,250,979. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus lowered Transdigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,525.00 to $1,405.00 in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price objective on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. BMO Capital Markets cut their target price on shares of Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Melius Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $1,331.00 target price for the company. in a research note on Monday, September 14th. Finally, Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,431.13.

Transdigm Group Profile

TransDigm Group Incorporated designs, produces and supplies highly engineered components for the aerospace industry. Its products include mechanical and electromechanical systems, pumps, valves, ignition systems, batteries, power-conditioning devices and cockpit components. The company serves commercial, military and business aviation markets, supplying components for both original aircraft production and the aftermarket. Its products are used on aircraft operated around the world, and its aftermarket business provides replacement parts and related support.