Kentucky Retirement Systems Insurance Trust Fund Takes $2.19 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,583 shares of the aerospace company's stock, valued at approximately $2,190,000.

A number of other hedge funds have also made changes to their positions in TDG. Lindbrook Capital LLC boosted its stake in shares of Transdigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after acquiring an additional 8 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after acquiring an additional 8 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of Transdigm Group by 3.4% during the fourth quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company's stock valued at $350,000 after acquiring an additional 9 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Transdigm Group by 0.3% during the fourth quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company's stock valued at $3,723,000 after acquiring an additional 9 shares during the last quarter. Finally, AMG National Trust Bank boosted its stake in shares of Transdigm Group by 5.1% during the fourth quarter. AMG National Trust Bank now owns 206 shares of the aerospace company's stock valued at $261,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on TDG. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. 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 research note on Wednesday, May 7th. Truist Financial decreased their price target on 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. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,505.23.

Transdigm Group Price Performance

Transdigm Group stock opened at $1,441.89 on Monday. The stock's 50-day moving average is $1,411.26 and its 200-day moving average is $1,349.77. The company has a market cap of $80.99 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 3.08 and a beta of 1.05. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $7.99 EPS. Research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $29,010,072.40. The trade was a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock worth $202,651,767 in the last three months. 4.09% of the stock is currently owned by company insiders.

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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