New York State Common Retirement Fund Sells 4,103 Shares of TransDigm Group Incorporated (NYSE:TDG)

New York State Common Retirement Fund cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,937 shares of the aerospace company’s stock after selling 4,103 shares during the period. New York State Common Retirement Fund’s holdings in TransDigm Group were worth $40,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in TransDigm Group during the fourth quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group grew its position in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after buying an additional 12 shares during the period. Optiver Holding B.V. bought a new stake in TransDigm Group during the third quarter valued at approximately $35,000. Finally, Impact Partnership Wealth LLC bought a new stake in TransDigm Group during the third quarter valued at approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TDG shares. KeyCorp boosted their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Citigroup lifted their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group lifted their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,170.27.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,241.62 on Thursday. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,255.59. The firm’s 50-day moving average is $1,198.81 and its two-hundred day moving average is $1,055.92. The stock has a market cap of $69.05 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 2.53 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. The company 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 quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.15 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Michael Graff sold 3,460 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by insiders.

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.