TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 30.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,000 shares of the aerospace company’s stock after acquiring an additional 11,000 shares during the period. Employees Retirement System of Texas owned about 0.09% of TransDigm Group worth $42,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TDG. Private Advisor Group LLC raised its position in shares of TransDigm Group by 23.4% in the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares during the period. Acadian Asset Management LLC increased its position in shares of TransDigm Group by 66.7% in the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock valued at $519,000 after buying an additional 320 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of TransDigm Group by 99.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after buying an additional 1,163 shares during the period. Dimensional Fund Advisors LP increased its holdings in TransDigm Group by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of TransDigm Group by 7.3% in the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock valued at $19,373,000 after purchasing an additional 2,020 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded up $4.64 on Tuesday, reaching $969.00. 36,550 shares of the company were exchanged, compared to its average volume of 273,778. TransDigm Group Incorporated has a 1-year low of $599.42 and a 1-year high of $1,013.08. The stock’s 50 day moving average price is $871.28 and its 200-day moving average price is $858.95. The company has a market cap of $53.60 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $4.74 EPS. On average, research analysts predict that TransDigm Group Incorporated will post 28.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be issued a $35.00 dividend. The ex-dividend date is Friday, November 17th. This is an increase from TransDigm Group’s previous special dividend of $22.00.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TDG. Deutsche Bank Aktiengesellschaft started coverage on TransDigm Group in a report on Wednesday, September 27th. They set a “buy” rating and a $1,001.00 target price for the company. Robert W. Baird raised their price target on shares of TransDigm Group from $960.00 to $1,013.00 in a research note on Wednesday, August 9th. Truist Financial restated a “buy” rating and set a $1,044.00 price target on shares of TransDigm Group in a research report on Friday, October 20th. Barclays boosted their target price on TransDigm Group from $930.00 to $1,040.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. Finally, UBS Group started coverage on TransDigm Group in a report on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $997.54.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CFO Sarah Wynne sold 5,420 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $883.16, for a total transaction of $4,786,727.20. Following the sale, the chief financial officer now owns 700 shares of the company’s stock, valued at $618,212. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Sarah Wynne sold 5,420 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $883.16, for a total value of $4,786,727.20. Following the completion of the sale, the chief financial officer now directly owns 700 shares of the company’s stock, valued at $618,212. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Small sold 547 shares of TransDigm Group stock in a transaction on Friday, September 8th. The shares were sold at an average price of $882.66, for a total transaction of $482,815.02. Following the completion of the transaction, the director now owns 191,456 shares in the company, valued at $168,990,552.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,141 shares of company stock valued at $95,297,122. Corporate insiders own 7.18% of the company’s stock.

TransDigm Group Profile

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.