Louisiana State Employees Retirement System Sells 200 Shares of TransDigm Group Incorporated (NYSE:TDG)

Louisiana State Employees Retirement System decreased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the aerospace company's stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System's holdings in TransDigm Group were worth $3,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Souders Financial Advisors raised its stake in TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock worth $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. increased its holdings in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock valued at $328,000 after buying an additional 8 shares during the period. Resonant Capital Advisors LLC increased its holdings in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares during the period. Quent Capital LLC increased its holdings in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after buying an additional 8 shares during the period. Finally, CX Institutional increased its holdings in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Price Performance

NYSE TDG traded down $20.67 during trading hours on Friday, hitting $1,315.29. The company's stock had a trading volume of 350,656 shares, compared to its average volume of 248,920. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The company's 50 day simple moving average is $1,300.84 and its two-hundred day simple moving average is $1,318.04. The company has a market cap of $73.76 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.16 EPS. As a group, research analysts predict that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's 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 value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,525 shares of company stock worth $139,851,401. 4.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. KeyCorp raised 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. Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,462.35.

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.