Walter Public Investments Inc. boosted its stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 109.8% in the first quarter, Holdings Channel.com reports. The firm owned 5,224 shares of the aerospace company’s stock after acquiring an additional 2,734 shares during the quarter. Walter Public Investments Inc.’s holdings in Transdigm Group were worth $6,054,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Ares Financial Consulting LLC acquired a new position in shares of Transdigm Group in the 4th quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in shares of Transdigm Group during the 4th quarter worth $25,000. MCF Advisors LLC increased its holdings in shares of Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after buying an additional 18 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Transdigm Group by 1,900.0% in the 4th 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. Finally, Colonial Trust Co SC boosted its holdings in Transdigm Group by 162.5% in the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
Transdigm Group Price Performance
Shares of TDG opened at $1,349.90 on Friday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,623.82. The stock’s 50-day moving average is $1,241.25 and its two-hundred day moving average is $1,275.82. The stock has a market cap of $75.50 billion, a PE ratio of 42.13, a P/E/G ratio of 2.35 and a beta of 0.90.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TDG shares. Wall Street Zen lowered Transdigm Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. 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. BMO Capital Markets raised 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 report on Thursday. Royal Bank Of Canada reduced their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,518.25.
Get Our Latest Research Report on TDG
Insider Buying and Selling
In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the completion of the sale, the director owned 21,548 shares of the company’s stock, valued at $27,259,512.88. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction that occurred on Monday, June 15th. The shares were 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 in the company, valued at $4,596,408. This represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 42,096 shares of company stock valued at $52,625,524. 3.20% of the stock is owned by company insiders.
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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