Oregon Public Employees Retirement Fund Purchases 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

Oregon Public Employees Retirement Fund grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,815 shares of the aerospace company’s stock after buying an additional 10 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in TransDigm Group were worth $6,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,647 shares of company stock worth $155,847,223. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TDG. Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday. Finally, Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,331.85 on Thursday. The company has a market capitalization of $74.70 billion, a PE ratio of 46.98, a P/E/G ratio of 2.76 and a beta of 1.40. The company has a 50-day simple moving average of $1,310.51 and a two-hundred day simple moving average of $1,322.54. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.