Forsta AP Fonden Sells 200 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Forsta AP Fonden sold 200 shares of Transdigm Group, reducing its stake by 1.7% during the first quarter, and its holdings are now valued at approximately $15.6 million.
• Insider trading activity has been notable, with Director W Nicholas Howley selling 2,736 shares for over $4.29 million, resulting in an 11.27% decrease in their ownership.
• Transdigm Group's stock is currently down 2.6%, with recent earnings reporting $9.60 EPS, falling short of analysts' expectations of $9.75 EPS.

Forsta AP Fonden cut its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the aerospace company's stock after selling 200 shares during the period. Forsta AP Fonden's holdings in Transdigm Group were worth $15,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Transdigm Group by 26.5% in the fourth quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company's stock worth $3,066,000 after purchasing an additional 506 shares in the last quarter. Bessemer Group Inc. grew its stake in Transdigm Group by 17.5% in the fourth quarter. Bessemer Group Inc. now owns 2,137 shares of the aerospace company's stock worth $2,708,000 after purchasing an additional 319 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Transdigm Group by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,943 shares of the aerospace company's stock worth $30,342,000 after purchasing an additional 150 shares in the last quarter. Sterling Capital Management LLC boosted its position in Transdigm Group by 4.6% during the 4th quarter. Sterling Capital Management LLC now owns 7,956 shares of the aerospace company's stock valued at $10,082,000 after acquiring an additional 351 shares in the last quarter. Finally, Petros Family Wealth LLC bought a new stake in Transdigm Group during the 4th quarter valued at $316,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TDG. The Goldman Sachs Group increased their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. KeyCorp decreased their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wells Fargo & Company increased their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Susquehanna raised their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,616.86.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,163,660. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,937,310. This represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,872 shares of company stock worth $100,747,061 over the last ninety days. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Performance

Shares of TDG stock traded up $11.20 during mid-day trading on Wednesday, reaching $1,421.90. The company's stock had a trading volume of 216,843 shares, compared to its average volume of 287,429. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The company has a market cap of $80.12 billion, a P/E ratio of 47.33, a PEG ratio of 2.91 and a beta of 1.07. The firm's 50-day moving average is $1,505.65 and its two-hundred day moving average is $1,411.91.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $9.00 EPS. Sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Company 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.