TransDigm Group Incorporated (NYSE:TDG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 2.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 84,970 shares of the aerospace company’s stock after selling 2,478 shares during the period. California State Teachers Retirement System’s holdings in TransDigm Group were worth $44,594,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in TransDigm Group in the 3rd quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group during the 3rd quarter valued at about $27,000. Guardian Wealth Advisors LLC acquired a new position in shares of TransDigm Group during the 3rd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV increased its stake in shares of TransDigm Group by 112.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. Finally, Alta Advisers Ltd acquired a new position in shares of TransDigm Group during the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TDG shares. Morgan Stanley upped their price objective on shares of TransDigm Group from $765.00 to $793.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Susquehanna upped their price objective on shares of TransDigm Group from $665.00 to $750.00 and gave the company a “neutral” rating in a research note on Wednesday, February 8th. Bank of America upped their price objective on shares of TransDigm Group from $770.00 to $890.00 in a research note on Tuesday, February 28th. Truist Financial boosted their target price on TransDigm Group from $710.00 to $810.00 in a report on Wednesday, February 8th. Finally, Wells Fargo & Company boosted their target price on TransDigm Group from $660.00 to $710.00 and gave the stock an “equal weight” rating in a report on Monday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $761.15.

TransDigm Group Stock Down 3.0 %

NYSE TDG opened at $690.90 on Friday. The stock has a market cap of $37.72 billion, a PE ratio of 46.71, a P/E/G ratio of 1.93 and a beta of 1.36. TransDigm Group Incorporated has a fifty-two week low of $499.63 and a fifty-two week high of $772.01. The business has a 50 day moving average price of $720.27 and a two-hundred day moving average price of $635.56.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $701.38, for a total value of $4,558,970.00. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $15,113,336.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $701.38, for a total value of $4,558,970.00. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $15,113,336.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 147,074 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $736.22, for a total value of $108,278,820.28. Following the transaction, the director now owns 194,689 shares of the company’s stock, valued at $143,333,935.58. The disclosure for this sale can be found here. Insiders sold a total of 284,393 shares of company stock worth $209,059,496 in the last 90 days. 7.18% of the stock is owned by company insiders.

TransDigm Group Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.