Bradley Foster & Sargent Inc. CT bought a new stake in TransDigm Group Incorporated (NYSE:TDG – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 212 shares of the aerospace company’s stock, valued at approximately $271,000.
A number of other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in shares of TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after acquiring an additional 3,120 shares during the period. Coldstream Capital Management Inc. boosted its holdings in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 9 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in TransDigm Group during the 4th quarter worth about $291,000. Corient Private Wealth LLC raised its stake in shares of TransDigm Group by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock valued at $13,886,000 after buying an additional 429 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in TransDigm Group by 2.9% in the fourth quarter. Assetmark Inc. now owns 5,529 shares of the aerospace company’s stock valued at $5,594,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.
TransDigm Group Price Performance
TDG opened at $1,388.25 on Friday. The company’s 50 day simple moving average is $1,290.70 and its two-hundred day simple moving average is $1,273.34. The firm has a market capitalization of $77.89 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,400.63.
Insider Activity
In other news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock valued at $46,454,828 in the last 90 days. Company insiders own 4.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TDG. Stifel Nicolaus upped their price objective on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,438.24.
Get Our Latest Stock Report on TransDigm Group
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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