State of New Jersey Common Pension Fund D Sells 111 Shares of TransDigm Group Incorporated (NYSE:TDG)

State of New Jersey Common Pension Fund D reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,436 shares of the aerospace company’s stock after selling 111 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TransDigm Group were worth $25,898,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TDG. Souders Financial Advisors grew its position in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the period. Prosperity Financial Group Inc. grew its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the period. Resonant Capital Advisors LLC grew its position in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC grew its position in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares during the period. Finally, CX Institutional grew its position in TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 9 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,315.29 on Monday. The company has a 50 day simple moving average of $1,300.84 and a 200-day simple moving average of $1,318.04. The company has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $7.16 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,525 shares of company stock worth $139,851,401. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TDG shares. Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

TransDigm Group 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.