Teachers Retirement System of The State of Kentucky Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,474 shares of the aerospace company’s stock after selling 189 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TransDigm Group were worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in TransDigm Group by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares during the period. Team Hewins LLC grew its holdings in shares of TransDigm Group by 3.0% during the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after buying an additional 8 shares during the last quarter. Souders Financial Advisors grew its holdings in shares of TransDigm Group by 1.1% during the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of TransDigm Group by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of TransDigm Group by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total transaction of $12,928,900.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,547,396.62. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 197 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders have sold 105,905 shares of company stock worth $137,900,519 in the last three months. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday. They set a “neutral” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Thursday, June 27th. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a report on Friday, June 7th. TD Cowen increased their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Barclays increased their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,417.69.

TransDigm Group Stock Down 4.4 %

TDG traded down $55.77 during trading on Friday, hitting $1,212.27. The company’s stock had a trading volume of 314,682 shares, compared to its average volume of 230,550. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57. The firm has a market cap of $67.84 billion, a PE ratio of 48.09, a P/E/G ratio of 2.12 and a beta of 1.38. The business’s 50 day simple moving average is $1,289.83 and its 200-day simple moving average is $1,230.52.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $5.39 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 30.21 EPS 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.