California State Teachers Retirement System decreased its stake in Transdigm Group Incorporated (NYSE:TDG) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,582 shares of the aerospace company’s stock after selling 7,295 shares during the period. California State Teachers Retirement System owned about 0.16% of Transdigm Group worth $21,112,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after purchasing an additional 15 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after purchasing an additional 20 shares in the last quarter. Sentry Investment Management LLC boosted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after purchasing an additional 40 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Transdigm Group by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock valued at $2,147,000 after purchasing an additional 66 shares in the last quarter.

In other news, CEO W Nicholas Howley sold 63,776 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $268.60, for a total value of $17,130,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Graff sold 1,872 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the sale, the director now directly owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The disclosure for this sale can be found here. Insiders have sold a total of 98,648 shares of company stock valued at $26,439,672 in the last three months. 10.52% of the stock is currently owned by corporate insiders.

Shares of Transdigm Group Incorporated (NYSE:TDG) opened at $270.92 on Wednesday. The firm has a market cap of $14,309.70, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.33 and a beta of 0.50. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of -3.86. Transdigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $295.00.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The business had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 EPS. equities research analysts expect that Transdigm Group Incorporated will post 12.66 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co cut shares of Transdigm Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research note on Thursday, October 12th. Wolfe Research raised shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Transdigm Group in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $296.87.

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About Transdigm Group

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

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

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