UNIVEST FINANCIAL Corp bought a new position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,263 shares of the aerospace company’s stock, valued at approximately $5,679,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ares Financial Consulting LLC purchased a new position in shares of Transdigm Group during the 4th quarter worth $25,000. Elyxium Wealth LLC purchased a new stake in Transdigm Group in the 4th quarter valued at about $25,000. Burkett Financial Services LLC purchased a new stake in Transdigm Group in the 2nd quarter valued at about $25,000. MCF Advisors LLC lifted its position in Transdigm Group by 900.0% in 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 last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake 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 worth $27,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.
Transdigm Group Price Performance
Shares of NYSE:TDG opened at $1,237.18 on Tuesday. The firm has a market capitalization of $69.20 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03. The firm’s 50-day moving average is $1,272.49 and its two-hundred day moving average is $1,251.38.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on TDG shares. BMO Capital Markets lifted their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Susquehanna cut their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada decreased their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Transdigm Group presently has an average rating of “Hold” and an average price target of $1,463.71.
Read Our Latest Report on Transdigm Group
Insider Buying and Selling at Transdigm Group
In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This 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 stock in a transaction on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the completion of the sale, the director owned 21,548 shares in the company, valued at approximately $26,204,091.84. The trade was a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 24,164 shares of company stock valued at $30,670,445. Insiders own 3.20% of the company’s stock.
Transdigm Group Profile
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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