KLP Kapitalforvaltning AS Acquires 700 Shares of Transdigm Group Incorporated (NYSE:TDG)

KLP Kapitalforvaltning AS lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,692 shares of the aerospace company's stock after acquiring an additional 700 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of Transdigm Group worth $49,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TDG. Bruce G. Allen Investments LLC raised its position in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Transdigm Group in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. grew its holdings in Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Transdigm Group in the 1st quarter valued at $75,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDG has been the topic of several recent analyst reports. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. 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 report on Monday, July 14th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. KeyCorp raised their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, UBS Group upped their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Trading Up 0.1%

Shares of TDG stock traded up $0.85 on Thursday, hitting $1,598.60. The stock had a trading volume of 208,372 shares, compared to its average volume of 275,352. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,615.35. The firm has a market cap of $89.79 billion, a P/E ratio of 53.97, a PEG ratio of 3.17 and a beta of 1.04. The company has a fifty day moving average price of $1,482.29 and a two-hundred day moving average price of $1,390.47.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.99 EPS. On average, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,113 shares of company stock worth $173,419,391 in the last quarter. 4.09% of the stock is owned by corporate insiders.

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.