TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,280 shares of the aerospace company's stock after selling 4,313 shares during the period. Retirement Systems of Alabama owned about 0.07% of TransDigm Group worth $53,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Souders Financial Advisors grew its holdings in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock worth $1,137,000 after purchasing an additional 8 shares during the last quarter. Prosperity Financial Group Inc. grew its stake in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after buying an additional 8 shares during the last quarter. Stablepoint Partners LLC lifted its stake in TransDigm Group by 2.7% in the second quarter. Stablepoint Partners LLC now owns 418 shares of the aerospace company's stock valued at $517,000 after buying an additional 11 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of 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 during the period. Finally, Wellington Management Group LLP grew its position in shares of TransDigm Group by 0.6% during the third quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company's stock worth $2,730,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction 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 transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock valued at $23,541,085. Insiders own 4.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDG. Deutsche Bank Aktiengesellschaft increased their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Finally, KeyCorp lifted 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. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,465.47.

TransDigm Group Stock Up 1.5 %

Shares of NYSE:TDG traded up $18.60 during midday trading on Friday, reaching $1,259.12. The company's stock had a trading volume of 235,968 shares, compared to its average volume of 227,736. The business has a 50 day moving average price of $1,317.27 and a 200 day moving average price of $1,313.01. TransDigm Group Incorporated has a 1 year low of $972.08 and a 1 year high of $1,451.32. The firm has a market cap of $70.80 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.