California State Teachers Retirement System Decreases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

California State Teachers Retirement System cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,397 shares of the aerospace company’s stock after selling 2,564 shares during the quarter. California State Teachers Retirement System owned about 0.16% of TransDigm Group worth $113,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. Triasima Portfolio Management inc. purchased a new position in TransDigm Group during the fourth quarter worth about $911,000. Chicago Capital LLC raised its stake in shares of TransDigm Group by 0.5% in the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock valued at $65,568,000 after acquiring an additional 261 shares during the period. CIBC Asset Management Inc boosted its position in shares of TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after purchasing an additional 385 shares during the period. Finally, DnB Asset Management AS raised its position in TransDigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after purchasing an additional 599 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,464.41.

TransDigm Group Trading Up 1.4 %

NYSE TDG opened at $1,397.71 on Tuesday. The business’s 50 day moving average is $1,339.86 and its two-hundred day moving average is $1,319.51. The stock has a market capitalization of $78.39 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

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

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,894 shares of company stock valued at $167,450,256 over the last quarter. Corporate insiders own 4.09% of the company’s stock.

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.