TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,856 shares of the aerospace company’s stock after selling 53 shares during the quarter. Kentucky Retirement Systems’ holdings in TransDigm Group were worth $4,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Concurrent Investment Advisors LLC raised its holdings in TransDigm Group by 5.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 753 shares of the aerospace company’s stock worth $954,000 after purchasing an additional 42 shares during the period. Private Advisor Group LLC raised its stake in shares of TransDigm Group by 16.0% during the 4th quarter. Private Advisor Group LLC now owns 2,026 shares of the aerospace company’s stock worth $2,567,000 after buying an additional 279 shares during the period. Global Retirement Partners LLC lifted its position in shares of TransDigm Group by 417.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,103 shares of the aerospace company’s stock valued at $1,398,000 after buying an additional 890 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in TransDigm Group by 5.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 729 shares of the aerospace company’s stock valued at $924,000 after acquiring an additional 35 shares during the period. Finally, Truist Financial Corp increased its holdings in TransDigm Group by 17.1% in the 4th quarter. Truist Financial Corp now owns 9,908 shares of the aerospace company’s stock worth $12,556,000 after acquiring an additional 1,450 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,291.58 on Friday. The company has a market capitalization of $72.44 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. The firm’s 50-day moving average is $1,306.06 and its two-hundred day moving average is $1,319.28. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.16 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,647 shares of company stock worth $151,878,163 over the last quarter. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup lifted 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 report on Thursday, December 5th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,462.35.

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.