Texas Permanent School Fund Corp Acquires 73 Shares of TransDigm Group Incorporated (NYSE:TDG)

Texas Permanent School Fund Corp lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,494 shares of the aerospace company’s stock after acquiring an additional 73 shares during the period. Texas Permanent School Fund Corp’s holdings in TransDigm Group were worth $14,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. boosted its position in shares of TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after buying an additional 8 shares during the last quarter. Team Hewins LLC increased its stake in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after buying an additional 8 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after buying an additional 9 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of TransDigm Group by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after acquiring an additional 9 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.1 %

TDG stock traded down $13.41 during midday trading on Friday, hitting $1,242.23. The company had a trading volume of 23,265 shares, compared to its average volume of 219,932. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,369.57. The stock’s 50 day moving average price is $1,308.08 and its 200 day moving average price is $1,201.69. The stock has a market cap of $69.52 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 2.14 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.39 earnings per share. Analysts predict that TransDigm Group Incorporated will post 30.14 earnings per share for the current year.

Insider Activity at TransDigm Group

In other news, 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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,674,906.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Insiders sold a total of 90,833 shares of company stock worth $119,087,583 over the last quarter. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent analyst reports. UBS Group upped their price objective on TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Truist Financial lifted their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Bank of America lifted their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,414.06.

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.