Retirement Systems of Alabama Lowers Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Retirement Systems of Alabama lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,189 shares of the aerospace company’s stock after selling 233 shares during the period. Retirement Systems of Alabama’s holdings in TransDigm Group were worth $43,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its position in TransDigm Group by 2,361.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after buying an additional 75,784 shares during the period. Townsquare Capital LLC raised its position in shares of TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after purchasing an additional 114 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of TransDigm Group by 14.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after purchasing an additional 962 shares during the last quarter. Finally, Chicago Capital LLC raised its position in shares of TransDigm Group by 3.3% in the 4th quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after purchasing an additional 1,523 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.2 %

NYSE TDG opened at $1,259.15 on Monday. The stock has a market cap of $70.02 billion, a PE ratio of 53.44, a P/E/G ratio of 2.56 and a beta of 1.42. TransDigm Group Incorporated has a 12 month low of $745.65 and a 12 month high of $1,269.51. The stock’s 50 day moving average is $1,203.04 and its 200 day moving average is $1,062.76.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.15 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TransDigm Group news, Director Jorge Valladares sold 578 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the sale, the director now owns 11,000 shares in the company, valued at $12,980,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp lifted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Truist Financial boosted their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group boosted their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

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.