New York State Common Retirement Fund Sells 4,103 Shares of TransDigm Group Incorporated (NYSE:TDG)

New York State Common Retirement Fund lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,937 shares of the aerospace company’s stock after selling 4,103 shares during the period. New York State Common Retirement Fund owned 0.07% of TransDigm Group worth $40,400,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wedge Capital Management L L P NC raised its stake 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 worth $79,909,000 after buying an additional 75,784 shares during the last quarter. Telemus Capital LLC increased its stake in TransDigm Group by 3.8% in the fourth quarter. Telemus Capital LLC now owns 2,000 shares of the aerospace company’s stock valued at $2,024,000 after purchasing an additional 73 shares in the last quarter. Duality Advisers LP bought a new stake in TransDigm Group in the fourth quarter valued at $880,000. Commerzbank Aktiengesellschaft FI bought a new stake in TransDigm Group in the fourth quarter valued at $288,000. Finally, CWM LLC increased its stake in TransDigm Group by 5.1% in the fourth quarter. CWM LLC now owns 809 shares of the aerospace company’s stock valued at $819,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TDG. Truist Financial lifted their price target on shares of 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. Susquehanna lifted their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. KeyCorp boosted their price target on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,170.27.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. 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. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 0.1 %

NYSE TDG opened at $1,241.62 on Thursday. The company’s 50 day moving average is $1,198.81 and its 200-day moving average is $1,055.92. TransDigm Group Incorporated has a 12-month low of $741.74 and a 12-month high of $1,255.59. The firm has a market cap of $69.05 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.15 earnings per share. Equities analysts expect that TransDigm Group Incorporated will post 29.08 EPS for the current year.

About TransDigm Group

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.