TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 782.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,310 shares of the aerospace company’s stock after purchasing an additional 2,935 shares during the period. Teacher Retirement System of Texas’ holdings in TransDigm Group were worth $4,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its stake in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Windacre Partnership LLC boosted its position in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $100,811,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 2.7 %

Shares of TransDigm Group stock opened at $1,382.82 on Tuesday. The firm has a market cap of $77.56 billion, a PE ratio of 48.78, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The business’s fifty day moving average is $1,337.26 and its two-hundred day moving average is $1,327.53.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $7.16 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of 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 report on Friday, February 7th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.