KLP Kapitalforvaltning AS Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

KLP Kapitalforvaltning AS acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 34,992 shares of the aerospace company's stock, valued at approximately $44,345,000. KLP Kapitalforvaltning AS owned 0.06% of TransDigm Group at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Erste Asset Management GmbH acquired a new position in TransDigm Group in the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC raised its stake 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 worth $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont raised its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares during the period. Versant Capital Management Inc boosted its holdings in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, Sachetta LLC raised its stake in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 0.1 %

Shares of TransDigm Group stock traded up $0.72 during trading on Wednesday, reaching $1,394.83. The company's stock had a trading volume of 226,348 shares, compared to its average volume of 233,522. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company has a market capitalization of $78.23 billion, a P/E ratio of 49.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a 50 day moving average price of $1,339.15 and a 200-day moving average price of $1,328.23.

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TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company increased their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research note on Tuesday. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock 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 MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,477.18.

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.