TransDigm Group Incorporated (NYSE:TDG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,249 shares of the aerospace company’s stock after selling 1,808 shares during the period. New York State Teachers Retirement System owned 0.08% of TransDigm Group worth $67,430,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TDG. Fortitude Family Office LLC lifted its holdings in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in TransDigm Group during the 1st quarter valued at $30,000. Meeder Asset Management Inc. raised its stake in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the 1st quarter worth $39,000. Finally, DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDG. Deutsche Bank Aktiengesellschaft lifted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company decreased their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,451.94.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,330.51 on Thursday. TransDigm Group Incorporated has a fifty-two week low of $817.62 and a fifty-two week high of $1,451.32. The stock’s 50-day moving average is $1,368.33 and its two-hundred day moving average is $1,310.91. The firm has a market cap of $74.66 billion, a P/E ratio of 49.22, a PEG ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.55 EPS. As a group, research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

TransDigm Group Profile

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.