Bank of Nova Scotia Sells 13,962 Shares of Transdigm Group Incorporated $TDG

Bank of Nova Scotia reduced its stake in Transdigm Group Incorporated (NYSE:TDG) by 63.7% during the first quarter, HoldingsChannel.com reports. The fund owned 7,952 shares of the aerospace company’s stock after selling 13,962 shares during the quarter. Bank of Nova Scotia’s holdings in Transdigm Group were worth $9,216,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Ares Financial Consulting LLC bought a new stake in Transdigm Group in the 4th quarter worth approximately $25,000. Elyxium Wealth LLC bought a new position in shares of Transdigm Group during the 4th quarter valued at approximately $25,000. MCF Advisors LLC grew its holdings in shares of Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 19 shares in the last quarter. Finally, Colonial Trust Co SC increased its position in Transdigm Group by 162.5% in the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,596,408. This represents a 52.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $1,319.55, for a total transaction of $13,369,680.60. Following the sale, the director directly owned 21,548 shares of the company’s stock, valued at $28,433,663.40. 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 sold 28,064 shares of company stock valued at $34,814,142. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Wells Fargo & Company initiated coverage on shares of Transdigm Group in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, UBS Group lowered their price objective on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,477.47.

Transdigm Group Stock Down 0.0%

TDG stock opened at $1,236.11 on Monday. The business’s fifty day simple moving average is $1,261.52 and its two-hundred day simple moving average is $1,269.42. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,623.82. The firm has a market cap of $69.14 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.18 and a beta of 0.90.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.46 by $0.39. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $9.11 earnings per share. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. Research analysts expect that Transdigm Group Incorporated will post 37.77 EPS for the current year.

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.