TransDigm Group Incorporated (NYSE:TDG) Holdings Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 782.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,310 shares of the aerospace company's stock after purchasing an additional 2,935 shares during the quarter. Teacher Retirement System of Texas' holdings in TransDigm Group were worth $4,195,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TDG. State Street Corp boosted its position in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after buying an additional 29,489 shares in the last quarter. Principal Financial Group Inc. raised its position in TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. FMR LLC lifted its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after purchasing an additional 19,314 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Price Performance

NYSE TDG traded down $7.04 on Friday, reaching $1,377.22. The company had a trading volume of 272,911 shares, compared to its average volume of 242,075. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a 50-day moving average of $1,342.45 and a 200-day moving average of $1,329.07. The firm has a market capitalization of $77.24 billion, a PE ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS 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% compared to the same quarter last year. During the same period in the previous year, the company posted $7.16 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TDG shares. Wells Fargo & Company upped their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday. Barclays restated an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,477.18.

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.