Transdigm Group Incorporated (NYSE:TDG) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in Transdigm Group Incorporated (NYSE:TDG) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,570 shares of the aerospace company’s stock after purchasing an additional 155 shares during the quarter. State of Alaska Department of Revenue’s holdings in Transdigm Group were worth $9,088,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Paragon Advisors LLC raised its position in shares of Transdigm Group by 14.2% during the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock valued at $2,490,000 after acquiring an additional 224 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in Transdigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after purchasing an additional 1,553 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Transdigm Group by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after purchasing an additional 385 shares during the period. DnB Asset Management AS lifted its position in shares of Transdigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock worth $31,204,000 after buying an additional 599 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Transdigm Group by 3.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other Transdigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,846,958.38. The trade was a 71.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $1,444.08, for a total value of $3,951,002.88. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $31,117,035.84. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,149 shares of company stock worth $198,378,957. 4.09% of the stock is owned by insiders.

Transdigm Group Stock Down 0.8%

Shares of TDG opened at $1,413.92 on Thursday. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The firm has a market capitalization of $79.42 billion, a PE ratio of 47.74, a P/E/G ratio of 3.04 and a beta of 1.05. The firm has a 50-day moving average price of $1,406.28 and a 200 day moving average price of $1,346.75.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $7.99 earnings per share. On average, equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

TDG has been the topic of several research reports. Truist Financial dropped their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. UBS Group raised their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Finally, Susquehanna increased their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,505.23.

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.