Arizona State Retirement System Buys 371 Shares of Transdigm Group Incorporated (NYSE:TDG)

Arizona State Retirement System boosted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,502 shares of the aerospace company's stock after acquiring an additional 371 shares during the period. Arizona State Retirement System's holdings in Transdigm Group were worth $22,827,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TDG. Bruce G. Allen Investments LLC boosted its holdings in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Transdigm Group in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. boosted its holdings in Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Transdigm Group in the first quarter valued at approximately $75,000. Finally, CVA Family Office LLC boosted its holdings in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 32 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Trading Up 0.1%

NYSE TDG opened at $1,540.77 on Friday. The firm has a market capitalization of $86.54 billion, a P/E ratio of 52.02, a PEG ratio of 3.13 and a beta of 1.04. The business has a fifty day simple moving average of $1,453.53 and a 200 day simple moving average of $1,374.19. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,553.85.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. Transdigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.99 EPS. As a group, sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TDG shares. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna boosted their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Finally, UBS Group boosted their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,561.80.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the transaction, the director owned 88,419 shares in the company, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $4,758,480. This trade represents a 47.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,149 shares of company stock worth $202,651,767. Company insiders own 4.09% of the company's stock.

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.

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