TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,500 shares of the aerospace company's stock after selling 7,600 shares during the period. Swiss National Bank owned approximately 0.28% of TransDigm Group worth $200,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Prosperity Financial Group Inc. lifted its position in shares of TransDigm Group by 3.6% during the third 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. Resonant Capital Advisors LLC increased its stake in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after buying an additional 8 shares during the period. Quent Capital LLC lifted its holdings in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after buying an additional 8 shares in the last quarter. Lindbrook Capital LLC boosted its position in TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after buying an additional 8 shares during the last quarter. Finally, CX Institutional grew its stake in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 9 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $11.90 on Monday, reaching $1,358.40. 190,987 shares of the company were exchanged, compared to its average volume of 231,348. The firm has a market cap of $76.19 billion, a price-to-earnings ratio of 47.92, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company's 50-day moving average is $1,326.27 and its two-hundred day moving average is $1,327.28.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, Citigroup boosted 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. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,472.47.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,594 shares of company stock worth $164,002,398 in the last ninety days. 4.09% of the stock is owned by insiders.

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.