Arizona State Retirement System Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Arizona State Retirement System lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,131 shares of the aerospace company’s stock after purchasing an additional 87 shares during the quarter. Arizona State Retirement System’s holdings in TransDigm Group were worth $20,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Farther Finance Advisors LLC raised its position in shares of TransDigm Group by 10.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 187 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 17 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in TransDigm Group by 6.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,745 shares of the aerospace company’s stock worth $18,189,000 after buying an additional 786 shares during the period. Harbor Capital Advisors Inc. acquired a new position in TransDigm Group in the 3rd quarter worth approximately $360,000. Robeco Institutional Asset Management B.V. increased its holdings in TransDigm Group by 54.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,709 shares of the aerospace company’s stock worth $16,710,000 after buying an additional 4,121 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in TransDigm Group by 34.1% in the 3rd quarter. QRG Capital Management Inc. now owns 751 shares of the aerospace company’s stock worth $1,072,000 after buying an additional 191 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,376.10 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The firm has a market capitalization of $77.18 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business’s 50 day moving average price is $1,318.10 and its 200-day moving average price is $1,326.26.

TransDigm Group (NYSE:TDG) last announced its 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Finally, Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction 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 transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,647 shares of company stock worth $155,847,223 in the last quarter. Corporate insiders own 4.09% of the company’s stock.

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.