AMF Tjanstepension AB Takes Position in TransDigm Group Incorporated (NYSE:TDG)

AMF Tjanstepension AB bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,932 shares of the aerospace company’s stock, valued at approximately $18,923,000.

Several other large investors have also added to or reduced their stakes in TDG. Farther Finance Advisors LLC grew its stake in TransDigm Group by 10.0% during the third quarter. Farther Finance Advisors LLC now owns 187 shares of the aerospace company’s stock worth $266,000 after purchasing an additional 17 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in TransDigm Group during the third quarter worth approximately $360,000. QRG Capital Management Inc. grew its stake in TransDigm Group by 34.1% during the third quarter. QRG Capital Management Inc. now owns 751 shares of the aerospace company’s stock worth $1,072,000 after purchasing an additional 191 shares during the period. Dudley Capital Management LLC acquired a new stake in TransDigm Group during the third quarter worth approximately $303,000. Finally, TFB Advisors LLC grew its stake in TransDigm Group by 4.8% during the third quarter. TFB Advisors LLC now owns 390 shares of the aerospace company’s stock worth $557,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 567,323 shares in the company, valued at $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 quarter, insiders have sold 121,647 shares of company stock valued at $155,847,223. Insiders own 4.09% of the company’s stock.

TransDigm Group Trading Down 0.4 %

TDG stock opened at $1,339.77 on Friday. The stock’s fifty day simple moving average is $1,319.94 and its two-hundred day simple moving average is $1,326.60. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The stock has a market cap of $75.14 billion, a P/E ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TDG. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup boosted their price objective 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. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Finally, Truist Financial boosted their price objective 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Profile

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.