Transdigm Group Incorporated (TDG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,817 shares of the aerospace company’s stock after selling 29 shares during the period. New York State Teachers Retirement System owned 0.15% of Transdigm Group worth $16,912,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cleararc Capital Inc. raised its position in shares of Transdigm Group by 0.3% in the fourth quarter. Cleararc Capital Inc. now owns 1,230 shares of the aerospace company’s stock valued at $306,000 after buying an additional 4 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Transdigm Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,875 shares of the aerospace company’s stock valued at $716,000 after buying an additional 15 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Transdigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Transdigm Group by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 4,506 shares of the aerospace company’s stock valued at $992,000 after buying an additional 21 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Transdigm Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock valued at $225,000 after buying an additional 33 shares during the last quarter.

Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

Transdigm Group Incorporated (TDG) traded down 2.65% during trading on Monday, reaching $262.78. 1,422,779 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $255.93 and a 200-day moving average of $244.90. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $294.38. The stock has a market capitalization of $13.67 billion, a PE ratio of 29.82 and a beta of 0.59.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The company had revenue of $873.23 million during the quarter, compared to analysts’ expectations of $894.37 million. During the same quarter in the previous year, the business earned $2.86 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Transdigm Group Incorporated will post $12.28 EPS for the current year.

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Several brokerages recently commented on TDG. Canaccord Genuity reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Transdigm Group in a research report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $316.00 price objective on shares of Transdigm Group in a research report on Friday, May 19th. Finally, Stephens began coverage on shares of Transdigm Group in a research report on Thursday, April 13th. They issued an “equal weight” rating and a $233.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $283.49.

In related news, Director Robert J. Small purchased 104,967 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average price of $232.95 per share, for a total transaction of $24,452,062.65. Following the completion of the purchase, the director now directly owns 32,713 shares of the company’s stock, valued at $7,620,493.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jorge Valladares sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $245.00, for a total value of $1,470,000.00. Following the sale, the insider now owns 15,000 shares of the company’s stock, valued at approximately $3,675,000. The disclosure for this sale can be found here. 10.52% of the stock is currently owned by insiders.

Transdigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TDG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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