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

Fifth Third Bancorp bought a new position in Transdigm Group Incorporated (NYSE:TDG) during the 3rd quarter, HoldingsChannel reports. The fund bought 17,760 shares of the aerospace company’s stock, valued at approximately $19,227,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Transdigm Group during the 2nd quarter valued at $6,489,039,000. State Street Corp increased its position in shares of Transdigm Group by 1.7% in the second quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock valued at $3,408,818,000 after acquiring an additional 42,490 shares during the period. Soroban Capital Partners LP increased its position in shares of Transdigm Group by 14.5% in the first quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock valued at $992,298,000 after acquiring an additional 108,227 shares during the period. Stockbridge Partners LLC bought a new position in shares of Transdigm Group during the second quarter valued at about $578,480,000. Finally, Primecap Management Co. CA bought a new position in shares of Transdigm Group during the second quarter valued at about $546,425,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at Transdigm Group

In other news, Director W. Howley sold 10,132 shares of the firm’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 transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 4,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,060,944. The trade was a 53.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,032 shares of company stock valued at $26,250,979 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TDG shares. Guggenheim assumed coverage on shares of Transdigm Group in a report on Tuesday, September 15th. They set a “neutral” rating for the company. Melius Research downgraded Transdigm Group from a “buy” rating to a “hold” rating and set a $1,331.00 price target on the stock. in a report on Monday, September 14th. Stifel Nicolaus lowered Transdigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,525.00 to $1,405.00 in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Transdigm Group in a report on Friday, August 28th. Finally, TD Cowen lifted their price objective on Transdigm Group from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Transdigm Group presently has an average rating of “Hold” and a consensus target price of $1,431.13.

Transdigm Group Price Performance

Shares of NYSE TDG opened at $1,215.81 on Friday. Transdigm Group Incorporated has a 1 year low of $1,071.25 and a 1 year high of $1,463.03. 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 capitalization of $66.37 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.72 and a beta of 0.98.

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

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.