TransDigm Group Incorporated (NYSE:TDG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the fourth quarter, HoldingsChannel reports. The fund owned 6,415 shares of the aerospace company’s stock after selling 110 shares during the period. State of Alaska Department of Revenue’s holdings in TransDigm Group were worth $8,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TDG. State Street Corp increased its stake in TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC grew its position in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Geode Capital Management LLC raised its stake in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC lifted its position in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 in the last ninety days. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Trading Up 0.6 %

Shares of TDG opened at $1,299.17 on Friday. The stock’s 50 day moving average is $1,292.18 and its two-hundred day moving average is $1,313.99. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32. The firm has a market capitalization of $72.81 billion, a PE ratio of 50.75, a P/E/G ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.16 earnings per share. On average, sell-side analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

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.