Teacher Retirement System of Texas decreased its stake in shares of TransDigm Group Inc. (NYSE:TDG) by 6.4% during the second quarter, Holdings Channel reports. The firm owned 16,942 shares of the company’s stock after selling 1,159 shares during the period. Teacher Retirement System of Texas’ holdings in TransDigm Group were worth $4,467,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of TransDigm Group by 24.2% in the second quarter. Victory Capital Management Inc. now owns 4,494 shares of the company’s stock valued at $1,185,000 after buying an additional 877 shares during the period. Penserra Capital Management LLC purchased a new position in shares of TransDigm Group during the second quarter valued at about $340,000. UBS Asset Management Americas Inc. boosted its position in shares of TransDigm Group by 1.3% in the second quarter. UBS Asset Management Americas Inc. now owns 721,752 shares of the company’s stock valued at $190,318,000 after buying an additional 8,967 shares during the period. Global X Management Co. LLC boosted its position in shares of TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock valued at $210,000 after buying an additional 341 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 99,769 shares of the company’s stock valued at $26,308,000 after buying an additional 1,978 shares during the period. Institutional investors own 87.74% of the company’s stock.

Shares of TransDigm Group Inc. (NYSE:TDG) traded up 0.04% during mid-day trading on Monday, hitting $282.09. The stock had a trading volume of 110,870 shares. The stock’s 50-day moving average price is $283.94 and its 200-day moving average price is $253.24. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 29.84 and a beta of 0.82. TransDigm Group Inc. has a 12-month low of $180.76 and a 12-month high of $294.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The firm earned $797.70 million during the quarter, compared to analysts’ expectations of $805.23 million. During the same quarter in the previous year, the company posted $2.26 EPS. TransDigm Group’s revenue was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group Inc. will post $11.39 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and set a $325.00 price target on shares of TransDigm Group in a research report on Wednesday, September 7th. Zacks Investment Research cut TransDigm Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Deutsche Bank AG raised their price objective on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Barclays PLC raised their price objective on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 10th. Finally, Wolfe Research lowered TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. TransDigm Group presently has a consensus rating of “Hold” and a consensus price target of $276.56.

In related news, insider Bernt G. Iversen II sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $278.81, for a total value of $2,788,100.00. Following the completion of the transaction, the insider now owns 15,010 shares in the company, valued at approximately $4,184,938.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Palmer sold 20,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the completion of the transaction, the insider now owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by corporate insiders.

About TransDigm Group

TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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.

5 Day Chart for NYSE:TDG

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 Inc. (NYSE:TDG).

Receive News & Ratings for TransDigm Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.