TransDigm Group Incorporated (TDG) Position Trimmed by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,000 shares of the aerospace company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in TransDigm Group were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDG. Windacre Partnership LLC increased its holdings in TransDigm Group by 73.1% during the fourth quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock worth $554,706,000 after buying an additional 688,700 shares during the last quarter. Norges Bank acquired a new position in TransDigm Group during the fourth quarter worth $146,363,000. Clearbridge Investments LLC increased its holdings in TransDigm Group by 45.2% during the third quarter. Clearbridge Investments LLC now owns 299,370 shares of the aerospace company’s stock worth $111,455,000 after buying an additional 93,214 shares during the last quarter. Saya Management LP acquired a new position in TransDigm Group during the fourth quarter worth $19,894,000. Finally, Advent International Corp MA increased its holdings in TransDigm Group by 29.6% during the fourth quarter. Advent International Corp MA now owns 219,075 shares of the aerospace company’s stock worth $74,499,000 after buying an additional 50,000 shares during the last quarter.

A number of equities analysts recently weighed in on TDG shares. Jefferies Financial Group restated a “hold” rating and set a $355.00 target price on shares of TransDigm Group in a report on Tuesday, January 8th. SunTrust Banks boosted their target price on shares of TransDigm Group to $452.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Credit Suisse Group lifted their price objective on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Canaccord Genuity lifted their price objective on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Finally, Zacks Investment Research cut shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $429.82.

In other news, VP Robert S. Henderson sold 20,000 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $427.37, for a total value of $8,547,400.00. Following the completion of the sale, the vice president now owns 45,000 shares of the company’s stock, valued at $19,231,650. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $456.22, for a total transaction of $7,793,606.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,357 shares of company stock valued at $41,248,657. Company insiders own 11.00% of the company’s stock.

TDG stock opened at $469.28 on Friday. TransDigm Group Incorporated has a one year low of $307.36 and a one year high of $470.02. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 1.94 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, topping the Zacks’ consensus estimate of $3.19 by $0.66. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. The firm had revenue of $993.30 million during the quarter, compared to analysts’ expectations of $957.66 million. During the same period in the previous year, the business posted $2.65 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 16.2 EPS for the current year.

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TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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

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