Retirement Systems of Alabama Cuts Position in Transdigm Group Incorporated (NYSE:TDG)

Retirement Systems of Alabama lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,875 shares of the aerospace company's stock after selling 520 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Transdigm Group worth $64,842,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paragon Advisors LLC grew its stake in Transdigm Group by 14.2% during the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after buying an additional 224 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in shares of Transdigm Group in the 1st quarter valued at $1,113,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Transdigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after acquiring an additional 1,553 shares in the last quarter. DnB Asset Management AS boosted its position in Transdigm Group by 2.5% during the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after purchasing an additional 599 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Transdigm Group by 3.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company's stock valued at $32,409,000 after purchasing an additional 846 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Northcoast Research upgraded 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 boosted their price target on 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. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Truist Financial dropped their price objective on shares of 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, Susquehanna boosted their target price on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and an average target price of $1,505.23.

Insiders Place Their Bets

In other news, 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 transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. This trade represents a 20.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the sale, the chief financial officer now owns 3,400 shares in the company, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,149 shares of company stock valued at $198,378,957 over the last 90 days. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Performance

TDG opened at $1,413.92 on Friday. The company has a market capitalization of $79.42 billion, a P/E ratio of 47.74, a PEG ratio of 3.02 and a beta of 1.05. The company has a 50-day moving average of $1,408.61 and a 200-day moving average of $1,347.81. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $7.99 earnings per share. Transdigm Group's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group 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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