Smith Salley Wealth Management grew its holdings in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,599 shares of the aerospace company’s stock after purchasing an additional 283 shares during the quarter. Smith Salley Wealth Management’s holdings in TransDigm Group were worth $9,630,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. FMR LLC raised its holdings in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the period. Geode Capital Management LLC boosted its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. Finally, Windacre Partnership LLC grew its holdings in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TDG has been the topic of several recent analyst reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.
TransDigm Group Stock Performance
TDG stock opened at $1,340.40 on Friday. The company’s 50 day moving average price is $1,277.54 and its 200 day moving average price is $1,306.88. The firm has a market capitalization of $75.37 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 2.84 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,032.43 and a fifty-two week high of $1,451.32.
Insiders Place Their Bets
In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,525 shares of company stock worth $108,692,621 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.
TransDigm Group 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.
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