4J Wealth Management LLC lessened its holdings in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371 shares of the aerospace company’s stock after selling 32 shares during the quarter. 4J Wealth Management LLC’s holdings in TransDigm Group were worth $473,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Oakworth Capital Inc. bought a new stake in TransDigm Group during the fourth quarter worth $26,000. Fortitude Family Office LLC raised its position in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares in the last quarter. ORG Partners LLC bought a new stake in TransDigm Group during the first quarter worth $30,000. VisionPoint Advisory Group LLC bought a new stake in TransDigm Group during the fourth quarter worth $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
TransDigm Group Price Performance
NYSE TDG traded up $7.74 during trading hours on Friday, reaching $1,280.08. The company’s stock had a trading volume of 185,080 shares, compared to its average volume of 225,891. The stock has a market cap of $71.63 billion, a P/E ratio of 50.47, a P/E/G ratio of 2.06 and a beta of 1.38. The firm has a fifty day simple moving average of $1,271.91 and a 200-day simple moving average of $1,240.16. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,369.57.
Wall Street Analyst Weigh In
TDG has been the topic of several research reports. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, TD Cowen upped their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,422.94.
Get Our Latest Analysis on TransDigm Group
Insider Transactions at TransDigm Group
In related news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders have sold 102,708 shares of company stock valued at $133,146,005 in the last 90 days. 4.96% of the stock is currently owned by corporate insiders.
TransDigm Group Company 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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