State of Tennessee Department of Treasury Has $29.73 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

State of Tennessee Department of Treasury lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,460 shares of the aerospace company's stock after purchasing an additional 560 shares during the period. State of Tennessee Department of Treasury's holdings in TransDigm Group were worth $29,730,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TDG. TD Waterhouse Canada Inc. boosted its position in shares of TransDigm Group by 3.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,905 shares of the aerospace company's stock valued at $6,211,000 after acquiring an additional 154 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of TransDigm Group by 105.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the aerospace company's stock worth $2,976,000 after purchasing an additional 1,204 shares during the period. MML Investors Services LLC lifted its stake in shares of TransDigm Group by 5.8% in the fourth quarter. MML Investors Services LLC now owns 5,521 shares of the aerospace company's stock valued at $6,997,000 after buying an additional 301 shares during the period. MetLife Investment Management LLC increased its stake in TransDigm Group by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 15,339 shares of the aerospace company's stock valued at $19,439,000 after acquiring an additional 273 shares during the period. Finally, Ossiam raised its holdings in TransDigm Group by 5.8% in the 4th quarter. Ossiam now owns 1,038 shares of the aerospace company's stock valued at $1,315,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TDG has been the subject of a number of recent research reports. Barclays restated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial lowered their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,464.41.

TransDigm Group Trading Up 0.7 %

Shares of TDG traded up $10.20 on Friday, reaching $1,378.22. 199,111 shares of the company's stock were exchanged, compared to its average volume of 255,112. The business has a 50 day moving average price of $1,337.20 and a two-hundred day moving average price of $1,320.39. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The stock has a market capitalization of $77.30 billion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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

TransDigm Group Company 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.