Wedmont Private Capital Has $963,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Wedmont Private Capital raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 763 shares of the aerospace company’s stock after buying an additional 17 shares during the quarter. Wedmont Private Capital’s holdings in TransDigm Group were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Paragon Advisors LLC raised its holdings in shares of TransDigm Group by 1.8% during the fourth quarter. Paragon Advisors LLC now owns 1,576 shares of the aerospace company’s stock worth $1,997,000 after acquiring an additional 28 shares in the last quarter. Czech National Bank lifted its holdings in shares of TransDigm Group by 6.7% during the 4th quarter. Czech National Bank now owns 12,192 shares of the aerospace company’s stock valued at $15,451,000 after buying an additional 762 shares during the last quarter. Graypoint LLC grew its stake in shares of TransDigm Group by 8.1% in the 4th quarter. Graypoint LLC now owns 239 shares of the aerospace company’s stock valued at $303,000 after buying an additional 18 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in TransDigm Group by 16.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 681 shares of the aerospace company’s stock worth $863,000 after buying an additional 98 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in TransDigm Group by 10.7% during the fourth quarter. Fulton Bank N.A. now owns 249 shares of the aerospace company’s stock valued at $316,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated 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 sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,053 shares of company stock worth $76,252,495. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TDG shares. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Citigroup increased their target price on shares of 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. Wells Fargo & Company reduced their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Price Performance

NYSE TDG opened at $1,278.18 on Tuesday. The company’s fifty day moving average is $1,280.48 and its two-hundred day moving average is $1,305.91. TransDigm Group Incorporated has a 52-week low of $1,017.80 and a 52-week high of $1,451.32. The firm has a market capitalization of $71.87 billion, a price-to-earnings ratio of 49.93, a P/E/G ratio of 2.89 and a beta of 1.38.

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.