Teacher Retirement System of Texas Acquires 7,518 Shares of Transdigm Group Incorporated (NYSE:TDG)

Teacher Retirement System of Texas boosted its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 227.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,828 shares of the aerospace company's stock after acquiring an additional 7,518 shares during the quarter. Teacher Retirement System of Texas' holdings in Transdigm Group were worth $14,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its position 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 valued at $26,000 after acquiring an additional 10 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. raised its position in shares of Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the period. CVA Family Office LLC increased its position in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after acquiring an additional 32 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Transdigm Group during the fourth quarter worth $77,000. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of Transdigm Group stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the transaction, the chief executive officer owned 8,158 shares of the company's stock, valued at $10,846,958.38. This trade represents a 71.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction dated 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 transaction, the director directly owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TDG. Susquehanna boosted their price target on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. UBS Group lifted their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,545.80.

Transdigm Group Trading Up 0.7%

Transdigm Group stock opened at $1,522.69 on Friday. The company has a market cap of $85.53 billion, a P/E ratio of 51.41, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,528.45. The company has a fifty day simple moving average of $1,442.36 and a 200 day simple moving average of $1,364.77.

Transdigm Group (NYSE:TDG - Get Free Report) last released its 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 business had revenue of $2.15 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $7.99 earnings per share. On average, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current 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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