Norges Bank Makes New $1.03 Billion Investment in Transdigm Group Incorporated $TDG

Norges Bank bought a new position in Transdigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 771,208 shares of the aerospace company’s stock, valued at approximately $1,025,591,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in Transdigm Group in the fourth quarter worth $25,000. Elyxium Wealth LLC purchased a new position in shares of Transdigm Group during the fourth quarter valued at $25,000. Elevation Wealth Partners LLC increased its stake in shares of Transdigm Group by 1,100.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 24 shares of the aerospace company’s stock valued at $32,000 after buying an additional 22 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of Transdigm Group during the third quarter valued at $34,000. Finally, Central Pacific Bank Trust Division increased its stake in shares of Transdigm Group by 44.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock valued at $35,000 after buying an additional 8 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 $1,259.32 on Friday. The business’s 50-day moving average is $1,196.71 and its two-hundred day moving average is $1,284.20. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,623.82. The firm has a market capitalization of $70.43 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $9.11 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. 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 37.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group cut their price target on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. TD Cowen cut their price target on Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. KeyCorp lowered Transdigm Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 5th. Stifel Nicolaus cut their price target on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada cut their price target 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. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,524.18.

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the transaction, the director owned 21,548 shares in the company, valued at $26,138,801.40. The trade was a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,154.09, for a total value of $4,500,951.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,154,724. This trade represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,096 shares of company stock worth $51,417,454 in the last quarter. 3.20% of the stock is owned by insiders.

Transdigm Group 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.