SVB Wealth LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 15.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 383 shares of the aerospace company’s stock after selling 72 shares during the quarter. SVB Wealth LLC’s holdings in TransDigm Group were worth $241,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in TransDigm Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after acquiring an additional 117,137 shares during the last quarter. BlackRock Inc. boosted its stake in TransDigm Group by 1.3% in the 3rd quarter. BlackRock Inc. now owns 4,790,298 shares of the aerospace company’s stock worth $2,514,044,000 after purchasing an additional 60,702 shares during the period. Lone Pine Capital LLC bought a new position in TransDigm Group in the 3rd quarter worth about $387,067,000. Fred Alger Management LLC boosted its stake in TransDigm Group by 1.3% in the 3rd quarter. Fred Alger Management LLC now owns 514,129 shares of the aerospace company’s stock worth $269,826,000 after purchasing an additional 6,709 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in TransDigm Group by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,731 shares of the aerospace company’s stock worth $180,953,000 after purchasing an additional 9,870 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.
TransDigm Group Trading Up 0.7 %
Shares of NYSE TDG opened at $792.49 on Friday. The stock’s 50-day moving average is $759.72 and its 200 day moving average is $704.25. The stock has a market cap of $43.53 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 1.47 and a beta of 1.37. TransDigm Group Incorporated has a 1-year low of $499.63 and a 1-year high of $831.58.
Insiders Place Their Bets
In other TransDigm Group news, CAO Sarah Wynne sold 180 shares of TransDigm Group stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total value of $129,673.80. Following the transaction, the chief accounting officer now directly owns 700 shares of the company’s stock, valued at approximately $504,287. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Nicholas Howley sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $800.76, for a total transaction of $2,602,470.00. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $17,254,776.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sarah Wynne sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total value of $129,673.80. Following the transaction, the chief accounting officer now directly owns 700 shares in the company, valued at $504,287. The disclosure for this sale can be found here. Insiders have sold 26,074 shares of company stock valued at $19,663,423 in the last ninety days. Company insiders own 7.18% of the company’s stock.
Wall Street Analysts Forecast Growth
TDG has been the subject of several analyst reports. Bank of America raised their target price on TransDigm Group from $890.00 to $980.00 in a research note on Tuesday, May 16th. Barclays raised their target price on TransDigm Group from $840.00 to $930.00 in a research note on Sunday, May 14th. Truist Financial lifted their price target on TransDigm Group from $840.00 to $870.00 in a research report on Wednesday, May 10th. Credit Suisse Group lifted their price target on TransDigm Group from $830.00 to $841.00 and gave the company an “outperform” rating in a research report on Wednesday, March 22nd. Finally, Cowen lifted their price target on TransDigm Group from $695.00 to $830.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $834.71.
About TransDigm Group
TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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