Transdigm Group Incorporated (NYSE:TDG) Shares Acquired by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its holdings in Transdigm Group by 7.6%, acquiring an additional 541 shares to own a total of 7,620 shares valued at approximately $10.54 million.
• Transdigm Group reported earnings of $9.60 per share for the most recent quarter, missing consensus estimates of $9.75, with revenue of $2.24 billion compared to the expected $2.29 billion.
• Analysts have favorable outlooks for Transdigm, with a consensus target price of $1,624.69 and ten analysts issuing a buy rating for the stock.

Public Sector Pension Investment Board raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,620 shares of the aerospace company's stock after purchasing an additional 541 shares during the period. Public Sector Pension Investment Board's holdings in Transdigm Group were worth $10,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its position in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its position in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Transdigm Group in the 4th quarter valued at about $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group in the 1st quarter valued at about $75,000. Finally, CVA Family Office LLC increased its holdings in shares of 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 acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Down 1.7%

NYSE:TDG traded down $24.13 during mid-day trading on Friday, reaching $1,388.60. 496,373 shares of the stock were exchanged, compared to its average volume of 356,001. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The company has a 50 day simple moving average of $1,503.15 and a 200-day simple moving average of $1,412.93. The stock has a market capitalization of $78.25 billion, a P/E ratio of 46.09, a P/E/G ratio of 2.92 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business posted $9.00 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent analyst reports. 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 report on Thursday, May 8th. UBS Group increased their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Citigroup increased their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Susquehanna increased their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,624.69.

Insider Activity at Transdigm Group

In other Transdigm Group news, 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 transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total value of $4,793,580.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at $5,752,296. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock worth $100,747,061 in the last ninety days. 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.