Blue Trust Inc. Increases Position in TransDigm Group Incorporated (NYSE:TDG)

Blue Trust Inc. grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 20.1% in the fourth quarter, Holdings Channel reports. The firm owned 352 shares of the aerospace company’s stock after acquiring an additional 59 shares during the period. Blue Trust Inc.’s holdings in TransDigm Group were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp boosted its position in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after buying an additional 29,489 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC grew its stake in TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 worth $1,612,583,000 after purchasing an additional 19,314 shares during the period. Finally, Windacre Partnership LLC raised its position in TransDigm Group by 42.7% during the 3rd 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 in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of 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. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,525 shares of company stock worth $112,769,801. 4.96% of the stock is currently owned by insiders.

TransDigm Group Price Performance

Shares of TDG opened at $1,352.43 on Friday. The firm has a market capitalization of $75.79 billion, a PE ratio of 52.83, a price-to-earnings-growth ratio of 3.03 and a beta of 1.38. The company’s fifty day moving average price is $1,286.73 and its 200-day moving average price is $1,311.43. TransDigm Group Incorporated has a 1-year low of $1,086.37 and a 1-year high of $1,451.32.

About TransDigm Group

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.