TransDigm Group Incorporated (NYSE:TDG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,359 shares of the aerospace company’s stock after selling 305 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of TransDigm Group worth $89,165,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TDG. First Personal Financial Services acquired a new stake in shares of TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group during the third quarter worth about $29,000. Trust Co. of Vermont lifted its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc raised its holdings in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC raised its holdings in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,175 shares of company stock worth $144,677,394 in the last three months. Insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 3.4 %

Shares of TDG opened at $1,343.48 on Thursday. The firm has a market cap of $75.34 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The company’s 50 day simple moving average is $1,302.74 and its 200-day simple moving average is $1,319.16. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm posted $7.16 EPS. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDG has been the topic of several analyst reports. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.