TransDigm Group Incorporated (NYSE:TDG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,970 shares of the aerospace company’s stock after selling 2,478 shares during the period. California State Teachers Retirement System owned 0.16% of TransDigm Group worth $44,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of TransDigm Group by 1,887.1% in the second quarter. Renaissance Technologies LLC now owns 139,100 shares of the aerospace company’s stock valued at $74,651,000 after buying an additional 132,100 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of TransDigm Group by 29.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,932 shares of the aerospace company’s stock valued at $3,113,000 after purchasing an additional 1,336 shares during the period. CWM LLC grew its holdings in shares of TransDigm Group by 148.2% in the third quarter. CWM LLC now owns 541 shares of the aerospace company’s stock valued at $284,000 after purchasing an additional 323 shares during the period. Toronto Dominion Bank grew its holdings in shares of TransDigm Group by 2.8% in the third quarter. Toronto Dominion Bank now owns 23,944 shares of the aerospace company’s stock valued at $12,563,000 after purchasing an additional 659 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of TransDigm Group by 4.7% in the third quarter. Royal Bank of Canada now owns 36,133 shares of the aerospace company’s stock valued at $18,962,000 after purchasing an additional 1,635 shares during the period. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of TransDigm Group from $665.00 to $750.00 and gave the company a “neutral” rating in a report on Wednesday, February 8th. StockNews.com initiated coverage on shares of TransDigm Group in a report on Thursday. They issued a “buy” rating for the company. Cowen upped their price objective on shares of TransDigm Group from $695.00 to $830.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Morgan Stanley upped their price objective on shares of TransDigm Group from $765.00 to $793.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Royal Bank of Canada increased their target price on shares of TransDigm Group from $750.00 to $800.00 in a research note on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $761.15.

Insider Activity

In other news, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $685.24, for a total value of $4,454,060.00. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $14,765,551.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $685.24, for a total value of $4,454,060.00. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $14,765,551.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jorge Valladares sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total transaction of $13,348,200.00. Following the completion of the sale, the chief operating officer now directly owns 11,000 shares in the company, valued at approximately $7,341,510. The disclosure for this sale can be found here. Over the last quarter, insiders sold 284,393 shares of company stock valued at $209,059,496. 7.18% of the stock is currently owned by company insiders.

TransDigm Group Stock Performance

NYSE TDG opened at $690.90 on Friday. The firm has a 50 day simple moving average of $720.27 and a 200-day simple moving average of $635.56. TransDigm Group Incorporated has a one year low of $499.63 and a one year high of $772.01. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.93 and a beta of 1.36.

About TransDigm Group

(Get Rating)

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and 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.