Maryland State Retirement & Pension System Decreases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Maryland State Retirement & Pension System decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,917 shares of the aerospace company's stock after selling 194 shares during the period. Maryland State Retirement & Pension System's holdings in TransDigm Group were worth $3,697,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TDG. Erste Asset Management GmbH bought a new position in TransDigm Group during the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC increased its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc boosted its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after purchasing an additional 18 shares in the last quarter. Finally, Sachetta LLC grew its position in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TDG shares. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. Finally, Citigroup upped 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 note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,472.47.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $36.70 during mid-day trading on Monday, reaching $1,382.82. 204,744 shares of the company traded hands, compared to its average volume of 232,861. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm has a market cap of $77.56 billion, a PE ratio of 48.78, a PEG ratio of 2.76 and a beta of 1.38. The company's 50 day moving average price is $1,335.17 and its 200-day moving average price is $1,327.15.

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

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 of the company's stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

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.