Fulcrum Asset Management LLP Buys 2,142 Shares of Transdigm Group Incorporated $TDG

Fulcrum Asset Management LLP grew its stake in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 195.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,240 shares of the aerospace company’s stock after buying an additional 2,142 shares during the period. Fulcrum Asset Management LLP’s holdings in Transdigm Group were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC purchased a new stake in Transdigm Group during the 2nd quarter valued at about $25,000. Western Wealth Management LLC purchased a new position in shares of Transdigm Group in the first quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in shares of Transdigm Group in the second quarter worth about $31,000. Reyes Financial Architecture Inc. purchased a new position in shares of Transdigm Group in the third quarter worth about $32,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Transdigm Group during the second quarter worth about $33,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director W. Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 4,100 shares of Transdigm Group stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,060,944. The trade was a 53.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,032 shares of company stock worth $26,250,979 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TDG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Transdigm Group in a report on Friday, August 28th. Guggenheim began coverage on Transdigm Group in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. Wells Fargo & Company dropped their target price on Transdigm Group from $1,450.00 to $1,210.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 30th. UBS Group raised their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Transdigm Group currently has an average rating of “Hold” and an average target price of $1,428.40.

Check Out Our Latest Stock Analysis on TDG

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,221.45 on Tuesday. The business has a 50 day simple moving average of $1,130.72 and a two-hundred day simple moving average of $1,222.01. The stock has a market capitalization of $68.32 billion, a P/E ratio of 32.14, a PEG ratio of 1.74 and a beta of 0.98. Transdigm Group Incorporated has a 12 month low of $1,071.25 and a 12 month high of $1,463.03.

Transdigm Group Profile

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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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