Teachers Retirement System of The State of Kentucky Buys 246 Shares of Transdigm Group Incorporated (NYSE:TDG)

Teachers Retirement System of The State of Kentucky increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,344 shares of the aerospace company's stock after acquiring an additional 246 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Transdigm Group were worth $6,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. J.W. Cole Advisors Inc. bought a new stake in Transdigm Group during the first quarter worth about $1,140,000. IFP Advisors Inc lifted its position in shares of Transdigm Group by 13.4% in the first quarter. IFP Advisors Inc now owns 271 shares of the aerospace company's stock valued at $374,000 after buying an additional 32 shares during the last quarter. Covenant Asset Management LLC boosted its stake in shares of Transdigm Group by 465.6% during the 1st quarter. Covenant Asset Management LLC now owns 3,908 shares of the aerospace company's stock worth $5,406,000 after acquiring an additional 4,977 shares during the period. Financial Harvest LLC acquired a new position in shares of Transdigm Group during the 1st quarter worth approximately $6,716,000. Finally, Private Advisor Group LLC raised its stake in Transdigm Group by 11.1% in the 1st quarter. Private Advisor Group LLC now owns 2,251 shares of the aerospace company's stock valued at $3,114,000 after acquiring an additional 225 shares during the period. Institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of NYSE:TDG opened at $1,584.32 on Tuesday. The company has a market capitalization of $88.99 billion, a P/E ratio of 53.49, a P/E/G ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,611.89. The business's 50 day simple moving average is $1,471.71 and its 200 day simple moving average is $1,385.60.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.99 earnings per share. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,113 shares of company stock worth $168,625,811. 4.09% of the stock is owned by insiders.

Analysts Set New Price Targets

TDG has been the topic of several research reports. KeyCorp upped their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Truist Financial raised their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group boosted their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Citigroup upped their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.