AMF Tjanstepension AB Purchases Shares of 14,932 TransDigm Group Incorporated (NYSE:TDG)

AMF Tjanstepension AB purchased a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,932 shares of the aerospace company's stock, valued at approximately $18,923,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter worth $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group in the third quarter worth about $29,000. Capital Advisors Ltd. LLC increased its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in 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 buying an additional 18 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,647 shares of company stock valued at $236,483,623 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

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TransDigm Group Stock Up 0.5 %

Shares of NYSE TDG traded up $6.64 during trading hours on Wednesday, hitting $1,326.51. 343,209 shares of the stock were exchanged, compared to its average volume of 260,428. TransDigm Group Incorporated has a 12 month low of $1,163.82 and a 12 month high of $1,451.32. The firm has a fifty day moving average price of $1,322.16 and a 200-day moving average price of $1,327.00. The company has a market cap of $74.40 billion, a PE ratio of 46.79, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. 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. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, Truist Financial lifted 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,472.47.

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.