Louisiana State Employees Retirement System Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Louisiana State Employees Retirement System purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,300 shares of the aerospace company's stock, valued at approximately $3,338,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group during the 4th quarter worth approximately $25,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter worth approximately $30,000. Optiver Holding B.V. purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $35,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 3,530 shares of the firm's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $22,027,873.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Nicholas Howley sold 3,530 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $22,027,873.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,022.29, for a total transaction of $3,066,870.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $3,680,244. The disclosure for this sale can be found here. Insiders have sold 52,617 shares of company stock valued at $60,654,941 in the last ninety days. Insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

NYSE TDG traded down $12.88 during trading hours on Monday, reaching $1,207.50. The company's stock had a trading volume of 177,972 shares, compared to its average volume of 209,032. The stock has a market cap of $67.15 billion, a PE ratio of 51.25, a PEG ratio of 2.49 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The company's 50-day moving average is $1,186.50 and its two-hundred day moving average is $1,038.41.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts' consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.15 EPS. Equities analysts expect that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TDG. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Barclays upped their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an "overweight" rating in a research report on Monday, February 12th. Stifel Nicolaus upped their price objective on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a "hold" rating in a research report on Tuesday, January 23rd. Finally, Citigroup upped their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,137.73.

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.