California Public Employees Retirement System trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,591 shares of the aerospace company’s stock after selling 3,265 shares during the quarter. California Public Employees Retirement System’s holdings in TransDigm Group were worth $41,127,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signition LP purchased a new stake in shares of TransDigm Group during the first quarter worth about $2,033,000. Hartz Capital Inc. purchased a new stake in shares of TransDigm Group during the first quarter worth about $646,000. Lenox Wealth Management Inc. purchased a new stake in shares of TransDigm Group during the first quarter worth about $25,000. Private Wealth Partners LLC purchased a new stake in shares of TransDigm Group during the first quarter worth about $724,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of TransDigm Group during the first quarter worth about $829,000.

In other TransDigm Group news, Director Mervin Dunn sold 8,944 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $432.28, for a total value of $3,866,312.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $466.89, for a total value of $7,975,881.87. The disclosure for this sale can be found here. Insiders have sold 69,793 shares of company stock valued at $31,178,900 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.

A number of equities research analysts have recently weighed in on TDG shares. SunTrust Banks boosted their price target on TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Credit Suisse Group boosted their price target on TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Canaccord Genuity lifted their target price on TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Finally, Goldman Sachs Group started coverage on TransDigm Group in a report on Monday, March 18th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and an average target price of $454.64.

TransDigm Group stock opened at $467.45 on Wednesday. TransDigm Group Incorporated has a 52 week low of $307.36 and a 52 week high of $489.95. The stock has a market cap of $24.69 billion, a P/E ratio of 27.51, a PEG ratio of 1.97 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $4.21 EPS for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.48. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $3.79 earnings per share. The company’s revenue was up 28.2% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 16.12 EPS for the current fiscal year.

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TransDigm Group Company 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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