Forsta AP Fonden Sells 1,500 Shares of TransDigm Group Incorporated (NYSE:TDG)

Forsta AP Fonden decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,400 shares of the aerospace company’s stock after selling 1,500 shares during the quarter. Forsta AP Fonden’s holdings in TransDigm Group were worth $17,120,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares during the period. ORG Partners LLC acquired a new position in TransDigm Group during the first quarter valued at approximately $30,000. Central Pacific Bank Trust Division acquired a new position in TransDigm Group during the first quarter valued at approximately $39,000. Crewe Advisors LLC bought a new stake in TransDigm Group during the first quarter worth $46,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of TransDigm Group in the 4th quarter valued at $43,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,073 shares of company stock valued at $34,795,388. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TDG. Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. UBS Group lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Morgan Stanley raised their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Trading Up 1.5 %

Shares of TDG opened at $1,348.03 on Friday. The stock’s 50-day moving average price is $1,280.02 and its two-hundred day moving average price is $1,266.51. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,380.83. The company has a market capitalization of $75.64 billion, a PE ratio of 53.47, a PEG ratio of 2.09 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.55 earnings per share. Equities research analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal 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.