Focus Partners Wealth boosted its stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 6.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,662 shares of the aerospace company’s stock after purchasing an additional 2,943 shares during the period. Focus Partners Wealth’s holdings in Transdigm Group were worth $68,731,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new position in Transdigm Group during the fourth quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in Transdigm Group during the fourth quarter valued at about $25,000. MCF Advisors LLC grew its position in Transdigm Group by 900.0% during the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after buying an additional 18 shares during the period. Transamerica Financial Advisors LLC grew its position in Transdigm Group by 1,900.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after buying an additional 19 shares during the period. Finally, Colonial Trust Co SC grew its position in Transdigm Group by 162.5% during the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock valued at $29,000 after buying an additional 13 shares during the period. Institutional investors own 95.78% of the company’s stock.
Transdigm Group Stock Down 0.0%
Shares of NYSE:TDG opened at $1,255.58 on Monday. The firm has a market capitalization of $70.22 billion, a PE ratio of 39.19, a P/E/G ratio of 2.20 and a beta of 0.91. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,623.82. The company has a 50-day moving average price of $1,211.68 and a two-hundred day moving average price of $1,277.40.
Insider Buying and Selling
In other news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,154.09, for a total value of $4,500,951.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,154,724. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $1,213.05, for a total transaction of $12,290,622.60. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $26,138,801.40. This trade represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,196 shares of company stock valued at $46,567,024 over the last 90 days. 3.20% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on TDG shares. Wells Fargo & Company started coverage on shares of Transdigm Group in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price target for the company. BNP Paribas Exane reduced their price target on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group increased their price target on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada cut their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,524.18.
Check Out Our Latest Report on Transdigm Group
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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