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

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

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

TransDigm Group Trading Down 1.6 %

Shares of NYSE TDG opened at $1,291.58 on Friday. The stock has a market cap of $72.44 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.82 and a beta of 1.40. The stock has a 50 day moving average of $1,306.06 and a two-hundred day moving average of $1,319.28. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve 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 during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.16 EPS. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the 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 sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,647 shares of company stock valued at $151,878,163 over the last quarter. 4.09% of the stock is currently owned by insiders.

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.