TransDigm Group Incorporated (NYSE:TDG) Holdings Lowered by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the aerospace company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TransDigm Group were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quent Capital LLC raised its position in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after buying an additional 8 shares in the last quarter. Panoramic Capital Partners LLC bought a new stake in shares of TransDigm Group in the 4th quarter worth approximately $209,000. Ferguson Wellman Capital Management Inc. raised its holdings in shares of TransDigm Group by 7.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 323 shares of the aerospace company’s stock worth $409,000 after purchasing an additional 22 shares in the last quarter. Savant Capital LLC raised its holdings in shares of TransDigm Group by 7.9% in the 4th quarter. Savant Capital LLC now owns 873 shares of the aerospace company’s stock worth $1,106,000 after purchasing an additional 64 shares in the last quarter. Finally, Canvas Wealth Advisors LLC raised its holdings in shares of TransDigm Group by 8.3% in the 4th quarter. Canvas Wealth Advisors LLC now owns 183 shares of the aerospace company’s stock worth $232,000 after purchasing an additional 14 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,353.69 on Thursday. The company’s 50 day moving average price is $1,298.24 and its 200 day moving average price is $1,316.72. TransDigm Group Incorporated has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The company has a market capitalization of $75.92 billion, a PE ratio of 47.75, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.16 earnings per share. On average, equities analysts forecast that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % 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, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 over the last ninety days. 4.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. KeyCorp boosted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

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.