TransDigm Group Incorporated (NYSE:TDG) Stake Lifted by Financial Consulate Inc.

Financial Consulate Inc. grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 884 shares of the aerospace company’s stock after acquiring an additional 23 shares during the quarter. Financial Consulate Inc.’s holdings in TransDigm Group were worth $557,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in TransDigm Group by 1,887.1% during the 2nd quarter. Renaissance Technologies LLC now owns 139,100 shares of the aerospace company’s stock worth $74,651,000 after acquiring an additional 132,100 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of TransDigm Group by 29.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,932 shares of the aerospace company’s stock valued at $3,113,000 after buying an additional 1,336 shares during the period. CWM LLC lifted its holdings in shares of TransDigm Group by 148.2% in the third quarter. CWM LLC now owns 541 shares of the aerospace company’s stock valued at $284,000 after buying an additional 323 shares during the period. Toronto Dominion Bank lifted its holdings in shares of TransDigm Group by 2.8% in the third quarter. Toronto Dominion Bank now owns 23,944 shares of the aerospace company’s stock valued at $12,563,000 after buying an additional 659 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of TransDigm Group by 4.7% in the third quarter. Royal Bank of Canada now owns 36,133 shares of the aerospace company’s stock valued at $18,962,000 after buying an additional 1,635 shares during the period. Institutional investors and hedge funds own 96.00% of the company’s stock.

TransDigm Group Trading Down 3.0 %

NYSE:TDG opened at $690.90 on Friday. The firm has a market capitalization of $37.72 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 1.89 and a beta of 1.36. TransDigm Group Incorporated has a 1-year low of $499.63 and a 1-year high of $772.01. The business’s fifty day moving average price is $720.27 and its 200 day moving average price is $635.76.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $15,113,336.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $15,113,336.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sarah Wynne sold 180 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total value of $129,673.80. Following the completion of the transaction, the chief accounting officer now directly owns 700 shares in the company, valued at $504,287. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 284,393 shares of company stock valued at $209,059,496. Company insiders own 7.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Cowen upped their price objective on TransDigm Group from $695.00 to $830.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Robert W. Baird upped their price objective on TransDigm Group from $720.00 to $767.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Credit Suisse Group upped their price objective on TransDigm Group from $765.00 to $830.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Wells Fargo & Company upped their target price on TransDigm Group from $660.00 to $710.00 and gave the company an “equal weight” rating in a report on Monday, February 6th. Finally, Truist Financial upped their target price on TransDigm Group from $710.00 to $810.00 in a report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $761.15.

TransDigm Group Company Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.