LGT Fund Management Co Ltd. bought a new stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,204 shares of the aerospace company’s stock, valued at approximately $1,395,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Ares Financial Consulting LLC acquired a new position in shares of Transdigm Group during the fourth quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in Transdigm Group in the fourth quarter worth about $25,000. MCF Advisors LLC lifted its holdings in Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares during the period. Transamerica Financial Advisors LLC grew its position in Transdigm Group by 1,900.0% in the 4th 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 in the last quarter. Finally, Colonial Trust Co SC grew its position in Transdigm Group by 162.5% in the 4th 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 in the last quarter. Institutional investors own 95.78% of the company’s stock.
Transdigm Group Trading Up 0.0%
Shares of NYSE TDG opened at $1,291.76 on Monday. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,623.82. The firm has a 50-day moving average of $1,257.11 and a two-hundred day moving average of $1,277.04. The company has a market capitalization of $72.25 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.26 and a beta of 0.90.
Insider Buying and Selling at Transdigm Group
In other news, COO Joel Reiss sold 3,900 shares of the firm’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 completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,596,408. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $27,259,512.88. 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. Insiders sold 42,096 shares of company stock worth $52,625,524 in the last ninety days. 3.20% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
TDG has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Susquehanna decreased their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Jefferies Financial Group boosted their target price on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Finally, TD Cowen decreased their price target on Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,518.25.
View 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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