State of New Jersey Common Pension Fund D lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 50.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the aerospace company’s stock after selling 55,000 shares during the period. State of New Jersey Common Pension Fund D owned 0.11% of Transdigm Group worth $14,788,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in TDG. Nationwide Fund Advisors raised its stake in shares of Transdigm Group by 30.8% in the first quarter. Nationwide Fund Advisors now owns 91,214 shares of the aerospace company’s stock worth $20,082,000 after buying an additional 21,499 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Transdigm Group by 12.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 3,960 shares of the aerospace company’s stock worth $872,000 after buying an additional 433 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Transdigm Group by 1.0% in the first quarter. Retirement Systems of Alabama now owns 24,012 shares of the aerospace company’s stock worth $5,286,000 after buying an additional 244 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Transdigm Group during the first quarter worth $678,000. Finally, Rice Hall James & Associates LLC raised its stake in Transdigm Group by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 5,335 shares of the aerospace company’s stock valued at $1,175,000 after buying an additional 152 shares in the last quarter.
Shares of Transdigm Group Incorporated (NYSE TDG) traded down 0.58% during mid-day trading on Friday, reaching $273.11. 241,138 shares of the company’s stock traded hands. The firm’s 50-day moving average is $278.31 and its 200 day moving average is $254.82. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 30.35 and a beta of 0.56. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.32. The firm had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.09 EPS. Analysts predict that Transdigm Group Incorporated will post $12.30 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Deutsche Bank AG restated a “buy” rating and issued a $305.00 price target on shares of Transdigm Group in a report on Tuesday, June 13th. Canaccord Genuity restated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a report on Friday, May 19th. Zacks Investment Research upgraded shares of Transdigm Group from a “sell” rating to a “buy” rating and set a $272.00 price target for the company in a report on Monday, May 15th. Finally, Stephens lowered shares of Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 price target for the company. in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $297.52.
In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jorge Valladares sold 100 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total value of $27,600.00. Following the completion of the transaction, the insider now directly owns 9,100 shares in the company, valued at $2,511,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,000 shares of company stock valued at $6,617,377. Company insiders own 10.52% of the company’s stock.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & 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.
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