New York State Teachers Retirement System Trims Stake in Transdigm Group Incorporated (NYSE:TDG)

New York State Teachers Retirement System cut its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,582 shares of the aerospace company's stock after selling 2,506 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Transdigm Group worth $61,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Transdigm Group during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. boosted its position in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. CVA Family Office LLC increased its holdings in Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 32 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Transdigm Group in the fourth quarter valued at approximately $77,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director owned 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $31,117,035.84. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on TDG shares. The Goldman Sachs Group raised their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Susquehanna lifted their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group boosted their price target on shares of 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. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company upped their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,532.47.

Transdigm Group Trading Up 1.6%

Shares of TDG opened at $1,522.90 on Tuesday. The firm has a market capitalization of $85.54 billion, a price-to-earnings ratio of 51.41, a PEG ratio of 3.20 and a beta of 1.05. The firm's fifty day simple moving average is $1,429.06 and its 200-day simple moving average is $1,359.27. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,528.45.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $7.99 earnings per share. On average, analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.

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