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

Hsbc Holdings PLC grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 10.0% in the second quarter, HoldingsChannel.com reports. The fund owned 91,325 shares of the aerospace company’s stock after purchasing an additional 8,266 shares during the period. Hsbc Holdings PLC’s holdings in Transdigm Group were worth $121,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC raised its stake in 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 in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Transdigm Group by 92.3% during the 1st quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 131 shares during the last quarter. NewEdge Advisors LLC grew its position in Transdigm Group by 152.9% in the second quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after acquiring an additional 1,248 shares in the last quarter. Sei Investments Co. grew its position in Transdigm Group by 25.4% in the second quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock worth $50,227,000 after acquiring an additional 6,697 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in 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 during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 21,548 shares of the company’s stock, valued at $26,204,091.84. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,900 shares of the stock in a transaction dated Monday, August 17th. The shares were 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 directly owned 3,600 shares in the company, valued at approximately $4,459,536. This represents a 52.00% 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 valued at $48,027,598 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TDG. Stifel Nicolaus reiterated a “hold” rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Jefferies Financial Group boosted their target price on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft upped their target price on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,463.71.

Transdigm Group Stock Down 0.5%

Shares of NYSE TDG opened at $1,193.32 on Wednesday. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,463.03. The firm’s fifty day moving average is $1,266.03 and its 200 day moving average is $1,244.20. The company has a market cap of $66.74 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.00 and a beta of 0.91.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, beating the consensus estimate of $10.30 by $0.57. The business 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 firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities research 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.