TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,917 shares of the aerospace company’s stock after selling 194 shares during the period. Maryland State Retirement & Pension System’s holdings in TransDigm Group were worth $3,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pathstone Holdings LLC raised its stake in TransDigm Group by 0.9% in the third quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company’s stock valued at $9,824,000 after buying an additional 60 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of TransDigm Group during the third quarter valued at about $207,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $1,043,000. PNC Financial Services Group Inc. boosted its stake in TransDigm Group by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company’s stock worth $42,645,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Strategy Asset Managers LLC purchased a new stake in TransDigm Group during the 3rd quarter worth approximately $776,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock worth $165,337,618. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Up 2.1 %

NYSE:TDG opened at $1,370.81 on Thursday. The stock has a market capitalization of $76.88 billion, a PE ratio of 48.35, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The stock’s 50-day moving average price is $1,331.97 and its 200-day moving average price is $1,327.33.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.