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

New York State Teachers Retirement System lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,057 shares of the aerospace company's stock after selling 1,882 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of TransDigm Group worth $62,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company's stock valued at $1,190,000 after purchasing an additional 8 shares during the last quarter. Team Hewins LLC grew its holdings in TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company's stock valued at $339,000 after purchasing an additional 8 shares during the last quarter. Souders Financial Advisors grew its holdings in TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company's stock valued at $945,000 after purchasing an additional 8 shares during the last quarter. Bennett Selby Investments LP grew its holdings in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company's stock valued at $429,000 after purchasing an additional 8 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company's stock valued at $577,000 after purchasing an additional 9 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company's stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company's stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 12,500 shares of TransDigm Group stock in a transaction on Monday, June 10th. The shares were sold at an average price of $1,312.09, for a total transaction of $16,401,125.00. Following the completion of the transaction, the director now directly owns 108,712 shares of the company's stock, valued at approximately $142,639,928.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,708 shares of company stock valued at $133,146,005. Corporate insiders own 4.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TDG shares. Robert W. Baird upped their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 8th. Susquehanna increased their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. KeyCorp increased their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an "overweight" rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a "buy" rating in a research note on Thursday, June 20th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a "neutral" rating on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,422.94.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $22.30 during trading on Friday, hitting $1,326.68. 271,776 shares of the company's stock were exchanged, compared to its average volume of 225,556. The business has a 50-day simple moving average of $1,271.82 and a 200-day simple moving average of $1,248.56. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The stock has a market capitalization of $74.24 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.02 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the company posted $6.55 earnings per share. The firm's revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.58 earnings per share for the current fiscal year.

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.