Transdigm Group Incorporated (NYSE:TDG) Stock Holdings Lessened by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System reduced its holdings in Transdigm Group by 12.8%, now owning 2,545 shares valued at approximately $3.52 million.
• Analyst ratings remain positive, with eleven analysts giving a buy rating and a consensus target price increase to $1,624.00.
• COO Joel Reiss sold 3,000 shares at an average price of $1,597.86, resulting in a significant decrease in his ownership stake.

Maryland State Retirement & Pension System reduced its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 12.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,545 shares of the aerospace company's stock after selling 372 shares during the quarter. Maryland State Retirement & Pension System's holdings in Transdigm Group were worth $3,520,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% during 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 during the period. Winch Advisory Services LLC boosted its stake in Transdigm Group by 53.8% during 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 during the period. Park Square Financial Group LLC acquired a new position in Transdigm Group during the 4th quarter valued at about $32,000. Wayfinding Financial LLC acquired a new position in Transdigm Group during the 1st quarter valued at about $75,000. Finally, CVA Family Office LLC boosted its stake in Transdigm Group by 123.1% during 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 period. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TDG shares. Citigroup boosted their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Truist Financial boosted their price target 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. Morgan Stanley boosted their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Susquehanna boosted their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,624.00.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction 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 in the company, valued at approximately $5,752,296. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,872 shares of company stock valued at $100,747,061. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Performance

Shares of TDG opened at $1,429.07 on Friday. The company's 50 day moving average price is $1,509.60 and its 200 day moving average price is $1,409.75. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The company has a market capitalization of $80.27 billion, a PE ratio of 47.43, a PEG ratio of 2.83 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The business's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $9.00 earnings per share. On average, equities analysts forecast 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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