denkapparat Operations GmbH purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 920 shares of the aerospace company’s stock, valued at approximately $1,225,000.
Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its stake in shares of Transdigm Group by 392.9% in the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock valued at $2,117,000 after buying an additional 1,269 shares in the last quarter. DNB Asset Management AS raised its position in Transdigm Group by 11.6% during the fourth quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company’s stock worth $34,342,000 after acquiring an additional 2,685 shares in the last quarter. HighTower Advisors LLC lifted its stake in Transdigm Group by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock valued at $22,914,000 after acquiring an additional 1,281 shares during the last quarter. Capital Research Global Investors lifted its stake in Transdigm Group by 12.2% in the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after acquiring an additional 268,824 shares during the last quarter. Finally, Pier 88 Investment Partners LLC bought a new position in shares of Transdigm Group in the 4th quarter valued at about $3,192,000. Institutional investors own 95.78% of the company’s stock.
Transdigm Group Price Performance
NYSE:TDG opened at $1,155.69 on Friday. The company has a market cap of $64.64 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.93 and a beta of 0.91. The firm’s fifty day moving average price is $1,245.70 and its two-hundred day moving average price is $1,238.13. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,463.03.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TDG. Weiss Ratings restated a “hold (c)” rating on shares of Transdigm Group in a research note on Friday, August 28th. Wall Street Zen downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. UBS Group boosted their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane dropped their price objective on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,463.71.
Check Out Our Latest Report on TDG
Insider Activity at Transdigm Group
In other news, Director W. Howley sold 10,132 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $26,639,361.44. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,196 shares of company stock valued at $48,027,598 over the last 90 days. Company insiders own 3.20% of the company’s stock.
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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