Hixon Zuercher LLC Lowers Stake in TransDigm Group Incorporated (NYSE:TDG)

Hixon Zuercher LLC decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,864 shares of the aerospace company’s stock after selling 32 shares during the period. Hixon Zuercher LLC’s holdings in TransDigm Group were worth $2,362,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC grew its stake in TransDigm Group by 2.9% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 733 shares of the aerospace company’s stock worth $929,000 after buying an additional 21 shares during the last quarter. Mediolanum International Funds Ltd grew its position in TransDigm Group by 14.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 6,603 shares of the aerospace company’s stock valued at $8,430,000 after buying an additional 851 shares during the period. Gilbert & Cook Inc. grew its holdings in TransDigm Group by 15.2% in the fourth quarter. Gilbert & Cook Inc. now owns 1,111 shares of the aerospace company’s stock valued at $1,408,000 after purchasing an additional 147 shares during the period. OLD National Bancorp IN lifted its holdings in TransDigm Group by 3.7% during the fourth quarter. OLD National Bancorp IN now owns 532 shares of the aerospace company’s stock valued at $674,000 after purchasing an additional 19 shares in the last quarter. Finally, New England Research & Management Inc. lifted its stake in TransDigm Group by 60.5% in the 4th quarter. New England Research & Management Inc. now owns 1,207 shares of the aerospace company’s stock worth $1,530,000 after purchasing an additional 455 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

NYSE:TDG opened at $1,363.11 on Friday. TransDigm Group Incorporated has a 12 month low of $1,086.37 and a 12 month high of $1,451.32. The business’s 50-day moving average is $1,284.27 and its two-hundred day moving average is $1,311.07. The firm has a market capitalization of $76.39 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 3.03 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TDG. Wells Fargo & Company cut their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. 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.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,525 shares of company stock worth $112,769,801. 4.96% of the stock is currently owned by company insiders.

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.