Texas Permanent School Fund Corp Has $11.86 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Texas Permanent School Fund Corp reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 19.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,280 shares of the aerospace company’s stock after selling 2,214 shares during the period. Texas Permanent School Fund Corp’s holdings in TransDigm Group were worth $11,856,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TDG. Private Advisor Group LLC lifted its stake in TransDigm Group by 36.4% in the 4th quarter. Private Advisor Group LLC now owns 734 shares of the aerospace company’s stock valued at $742,000 after purchasing an additional 196 shares during the last quarter. AGF Management Ltd. acquired a new stake in TransDigm Group in the 4th quarter valued at about $610,000. Qsemble Capital Management LP acquired a new stake in TransDigm Group in the 4th quarter valued at about $370,000. QRG Capital Management Inc. lifted its stake in TransDigm Group by 20.1% in the 4th quarter. QRG Capital Management Inc. now owns 513 shares of the aerospace company’s stock valued at $519,000 after purchasing an additional 86 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in TransDigm Group by 7.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,527 shares of the aerospace company’s stock valued at $2,556,000 after purchasing an additional 165 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on TDG. Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Jefferies Financial Group cut their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Susquehanna raised their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Performance

NYSE TDG opened at $1,302.77 on Tuesday. The firm’s fifty day moving average price is $1,277.21 and its two-hundred day moving average price is $1,264.72. The stock has a market cap of $73.10 billion, a PE ratio of 51.68, a PEG ratio of 2.04 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.55 earnings per share. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,674,906.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,674,906.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,283 shares of company stock worth $75,790,191. Company insiders own 4.96% of the company’s stock.

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.