State of New Jersey Common Pension Fund D Sells 446 Shares of Transdigm Group Incorporated $TDG

State of New Jersey Common Pension Fund D trimmed its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 2.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,103 shares of the aerospace company’s stock after selling 446 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Transdigm Group were worth $25,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Gateway Investment Advisers LLC lifted its holdings in Transdigm Group by 0.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 1,182 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 8 shares during the period. Tower Wealth Partners Inc. lifted its holdings in Transdigm Group by 4.5% in the 3rd quarter. Tower Wealth Partners Inc. now owns 187 shares of the aerospace company’s stock worth $246,000 after buying an additional 8 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Transdigm Group by 44.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after buying an additional 8 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Transdigm Group by 1.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 479 shares of the aerospace company’s stock worth $631,000 after buying an additional 9 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in Transdigm Group by 5.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 171 shares of the aerospace company’s stock worth $225,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. KeyCorp cut Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Robert W. Baird reiterated a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a report on Wednesday, February 4th. UBS Group dropped their price objective on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Weiss Ratings cut Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company assumed coverage on Transdigm Group in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,567.40.

Transdigm Group Stock Up 1.7%

TDG opened at $1,161.76 on Friday. The stock has a market cap of $65.60 billion, a PE ratio of 37.38, a PEG ratio of 2.41 and a beta of 0.98. The business has a 50 day moving average of $1,223.02 and a 200-day moving average of $1,296.53. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 3rd. The aerospace company reported $8.23 EPS for the quarter, beating analysts’ consensus estimates of $7.99 by $0.24. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Transdigm Group had a negative return on equity of 29.07% and a net margin of 20.50%.The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $7.83 EPS. Transdigm Group has set its FY 2026 guidance at 37.420-39.340 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 36.71 EPS for the current year.

Insider Buying and Selling

In other news, COO Patrick Joseph Murphy sold 290 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $1,430.10, for a total value of $414,729.00. Following the completion of the transaction, the chief operating officer owned 1,055 shares in the company, valued at $1,508,755.50. This trade represents a 21.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 10,168 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total value of $13,296,490.24. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $28,177,888.64. The trade was a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,522 shares of company stock worth $117,197,926 over the last quarter. Company insiders own 3.20% of the company’s stock.

Transdigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.