4.2 C
Oklahoma
Wednesday, February 8, 2023

Teacher Retirement System of Texas Sells 1,961 Shares of TransDigm Group Incorporated (NYSE:TDG)

Teacher Retirement System of Texas cut its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,022 shares of the aerospace company’s stock after selling 1,961 shares during the quarter. Teacher Retirement System of Texas’ holdings in TransDigm Group were worth $5,785,000 as of its most recent SEC filing.

- Advertisement -

→ Hot craft spirits opportunity you don’t want to miss (From UNKNOWN)pixel

Other hedge funds also recently added to or reduced their stakes in the company. Edge Capital Group LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in TransDigm Group in the 3rd quarter valued at $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in TransDigm Group by 112.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. CX Institutional purchased a new position in shares of TransDigm Group during the 2nd quarter worth $39,000. Finally, Evoke Wealth LLC raised its holdings in shares of TransDigm Group by 107.3% during the 2nd quarter. Evoke Wealth LLC now owns 85 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 44 shares during the period. 96.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total transaction of $4,032,275.00. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $13,367,301.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $13,367,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jorge Valladares sold 20,000 shares of TransDigm Group stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total value of $13,348,200.00. Following the transaction, the chief operating officer now owns 11,000 shares in the company, valued at approximately $7,341,510. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock valued at $25,866,810 in the last quarter. Corporate insiders own 8.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TDG shares. Morgan Stanley cut their price objective on TransDigm Group from $801.00 to $765.00 and set an “overweight” rating for the company in a research report on Monday, December 12th. Truist Financial upped their price objective on TransDigm Group from $700.00 to $710.00 in a report on Monday, January 9th. Wells Fargo & Company lowered TransDigm Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $735.00 to $660.00 in a report on Monday, November 28th. JPMorgan Chase & Co. lowered their target price on TransDigm Group from $705.00 to $700.00 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Finally, Credit Suisse Group upped their price objective on TransDigm Group from $718.00 to $735.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $696.67.

TransDigm Group Stock Up 1.9 %

NYSE:TDG opened at $672.65 on Monday. The business’s 50 day moving average is $631.53 and its two-hundred day moving average is $601.83. TransDigm Group Incorporated has a 52 week low of $499.63 and a 52 week high of $691.00. The company has a market cap of $36.58 billion, a PE ratio of 50.05, a P/E/G ratio of 1.64 and a beta of 1.39.

- Advertisement -

TransDigm Group (NYSE:TDGGet Rating) last released its earnings results on Thursday, November 10th. The aerospace company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.28. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. TransDigm Group had a negative return on equity of 29.95% and a net margin of 15.95%. TransDigm Group’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.94 EPS. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 19.88 EPS for the current fiscal year.

About TransDigm Group

(Get Rating)

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.

Featured Articles

- Advertisement -

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDGGet Rating).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider TransDigm Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and TransDigm Group wasn’t on the list.

While TransDigm Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk’s Next Move

Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Elon Musk's Next Move Cover



story by The Texas Tribune Source link

Teacher Retirement System of Texas cut its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,022 shares of the aerospace company’s stock after selling 1,961 shares during the quarter. Teacher Retirement System of Texas’ holdings in TransDigm Group were worth $5,785,000 as of its most recent SEC filing.

→ Hot craft spirits opportunity you don’t want to miss (From UNKNOWN)pixel

Other hedge funds also recently added to or reduced their stakes in the company. Edge Capital Group LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in TransDigm Group in the 3rd quarter valued at $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in TransDigm Group by 112.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. CX Institutional purchased a new position in shares of TransDigm Group during the 2nd quarter worth $39,000. Finally, Evoke Wealth LLC raised its holdings in shares of TransDigm Group by 107.3% during the 2nd quarter. Evoke Wealth LLC now owns 85 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 44 shares during the period. 96.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total transaction of $4,032,275.00. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $13,367,301.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $13,367,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jorge Valladares sold 20,000 shares of TransDigm Group stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total value of $13,348,200.00. Following the transaction, the chief operating officer now owns 11,000 shares in the company, valued at approximately $7,341,510. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock valued at $25,866,810 in the last quarter. Corporate insiders own 8.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TDG shares. Morgan Stanley cut their price objective on TransDigm Group from $801.00 to $765.00 and set an “overweight” rating for the company in a research report on Monday, December 12th. Truist Financial upped their price objective on TransDigm Group from $700.00 to $710.00 in a report on Monday, January 9th. Wells Fargo & Company lowered TransDigm Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $735.00 to $660.00 in a report on Monday, November 28th. JPMorgan Chase & Co. lowered their target price on TransDigm Group from $705.00 to $700.00 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Finally, Credit Suisse Group upped their price objective on TransDigm Group from $718.00 to $735.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $696.67.

TransDigm Group Stock Up 1.9 %

NYSE:TDG opened at $672.65 on Monday. The business’s 50 day moving average is $631.53 and its two-hundred day moving average is $601.83. TransDigm Group Incorporated has a 52 week low of $499.63 and a 52 week high of $691.00. The company has a market cap of $36.58 billion, a PE ratio of 50.05, a P/E/G ratio of 1.64 and a beta of 1.39.

TransDigm Group (NYSE:TDGGet Rating) last released its earnings results on Thursday, November 10th. The aerospace company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.28. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. TransDigm Group had a negative return on equity of 29.95% and a net margin of 15.95%. TransDigm Group’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.94 EPS. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 19.88 EPS for the current fiscal year.

About TransDigm Group

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDGGet Rating).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider TransDigm Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and TransDigm Group wasn’t on the list.

While TransDigm Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk’s Next Move

Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Elon Musk's Next Move Cover



story by The Texas Tribune Source link

More articles

Latest article