New York State Common Retirement Fund Sells 3,087 Shares of Transdigm Group Incorporated (NYSE:TDG)

New York State Common Retirement Fund decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 67,272 shares of the aerospace company's stock after selling 3,087 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Transdigm Group worth $93,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TDG. Vontobel Holding Ltd. acquired a new position in Transdigm Group during the 1st quarter worth about $387,000. Dynamic Advisor Solutions LLC bought a new position in shares of Transdigm Group in the first quarter worth about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after purchasing an additional 380 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Transdigm Group during the first quarter valued at approximately $263,000. Finally, Baskin Financial Services Inc. increased its holdings in shares of Transdigm Group by 1.3% in the first quarter. Baskin Financial Services Inc. now owns 22,638 shares of the aerospace company's stock valued at $31,315,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the topic of several research reports. Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Susquehanna upped their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday. Truist Financial raised their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, Wells Fargo & Company lifted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,594.80.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group 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 transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,149 shares of company stock valued at $176,059,567. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Performance

NYSE:TDG traded up $31.17 during trading hours on Monday, hitting $1,574.21. The stock had a trading volume of 191,933 shares, compared to its average volume of 277,395. The business's 50 day moving average is $1,453.53 and its 200-day moving average is $1,374.70. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,574.85.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during 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 firm's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.99 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.