New York State Common Retirement Fund Reduces Stock Position in TransDigm Group Incorporated (NYSE:TDG)

New York State Common Retirement Fund trimmed its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,359 shares of the aerospace company's stock after selling 305 shares during the period. New York State Common Retirement Fund owned about 0.13% of TransDigm Group worth $89,165,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDG. Souders Financial Advisors boosted its holdings in shares of TransDigm Group by 1.0% during 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 during the last quarter. Prosperity Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 8 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after purchasing an additional 8 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after purchasing an additional 8 shares during the last quarter. Finally, CX Institutional boosted its holdings in shares of TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TDG shares. Wells Fargo & Company upgraded 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. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, KeyCorp upped their price objective on 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,462.35.

TransDigm Group Stock Down 1.4 %

NYSE TDG traded down $18.72 on Friday, reaching $1,293.82. The stock had a trading volume of 120,482 shares, compared to its average volume of 262,332. The firm has a market capitalization of $72.56 billion, a price-to-earnings ratio of 45.65, a P/E/G ratio of 2.82 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The stock has a fifty day moving average price of $1,306.06 and a two-hundred day moving average price of $1,319.28.

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

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,647 shares of company stock valued at $151,878,163. 4.09% of the stock is currently owned by company insiders.

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.