Forsta AP Fonden Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Forsta AP Fonden reduced its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the aerospace company's stock after selling 5,000 shares during the quarter. Forsta AP Fonden's holdings in TransDigm Group were worth $14,574,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Souders Financial Advisors increased its position in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock worth $1,137,000 after buying an additional 8 shares during the period. Prosperity Financial Group Inc. raised its stake in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after purchasing an additional 8 shares in the last quarter. CX Institutional boosted its holdings in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares during the period. Premier Path Wealth Partners LLC grew its position in shares of TransDigm Group by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 478 shares of the aerospace company's stock worth $606,000 after purchasing an additional 10 shares in the last quarter. Finally, Secure Asset Management LLC boosted its stake in shares of TransDigm Group by 3.4% in the fourth quarter. Secure Asset Management LLC now owns 306 shares of the aerospace company's stock valued at $388,000 after buying an additional 10 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. KeyCorp upped their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, Citigroup raised their target price 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. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,455.00.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 over the last ninety days. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Up 0.8 %

TDG traded up $11.13 during midday trading on Thursday, hitting $1,350.05. 26,868 shares of the company were exchanged, compared to its average volume of 227,168. The firm has a market capitalization of $75.91 billion, a P/E ratio of 52.72, a P/E/G ratio of 3.06 and a beta of 1.38. The firm's 50 day moving average price is $1,284.27 and its 200-day moving average price is $1,311.07. TransDigm Group Incorporated has a 1-year low of $1,086.37 and a 1-year high of $1,451.32.

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.