Teachers Retirement System of The State of Kentucky Sells 171 Shares of TransDigm Group Incorporated (NYSE:TDG)

Teachers Retirement System of The State of Kentucky decreased its position in shares of TransDigm Group Incorporated (NYSE:TDGGet Rating) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,929 shares of the aerospace company’s stock after selling 171 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in TransDigm Group were worth $2,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TDG. JPMorgan Chase & Co. lifted its position in TransDigm Group by 2.3% during the fourth quarter. JPMorgan Chase & Co. now owns 57,115 shares of the aerospace company’s stock worth $36,343,000 after purchasing an additional 1,266 shares during the period. Ensign Peak Advisors Inc lifted its holdings in shares of TransDigm Group by 309.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 11,651 shares of the aerospace company’s stock worth $7,414,000 after acquiring an additional 8,803 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TransDigm Group by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 933,187 shares of the aerospace company’s stock worth $592,169,000 after acquiring an additional 25,886 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in shares of TransDigm Group by 55.0% in the fourth quarter. Alberta Investment Management Corp now owns 6,200 shares of the aerospace company’s stock worth $3,945,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of TransDigm Group by 5.8% in the fourth quarter. Schroder Investment Management Group now owns 3,355 shares of the aerospace company’s stock worth $2,135,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TDG. Cfra increased their target price on shares of TransDigm Group to $680.00 in a report on Monday, August 15th. TheStreet raised TransDigm Group from a “c” rating to a “b-” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $685.00 to $705.00 in a research note on Wednesday, August 17th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, Susquehanna Bancshares increased their target price on shares of TransDigm Group from $629.00 to $685.00 and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $718.08.

TransDigm Group Stock Performance

TransDigm Group stock opened at $592.04 on Tuesday. TransDigm Group Incorporated has a 52-week low of $500.08 and a 52-week high of $686.06. The stock’s 50 day moving average price is $612.44 and its two-hundred day moving average price is $604.44. The stock has a market capitalization of $32.11 billion, a price-to-earnings ratio of 45.40, a PEG ratio of 2.05 and a beta of 1.42.

TransDigm Group (NYSE:TDGGet Rating) last issued its earnings results on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.87. TransDigm Group had a negative return on equity of 30.80% and a net margin of 15.56%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned $2.89 EPS. TransDigm Group’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group Incorporated will post 15.01 EPS for the current year.

TransDigm Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 19th were issued a $18.50 dividend. This represents a $74.00 annualized dividend and a yield of 12.50%. The ex-dividend date was Thursday, August 18th.

Insider Buying and Selling

In other TransDigm Group news, Director Sean P. Hennessy sold 4,478 shares of TransDigm Group stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the completion of the transaction, the director now owns 33,935 shares of the company’s stock, valued at approximately $23,012,680.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Sean P. Hennessy sold 4,478 shares of TransDigm Group stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the completion of the sale, the director now owns 33,935 shares in the company, valued at approximately $23,012,680.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 35,500 shares of TransDigm Group stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $661.68, for a total value of $23,489,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,978 shares of company stock valued at $39,563,556. 8.96% of the stock is owned by insiders.

About TransDigm Group

(Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

See Also

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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