Strong Tower Advisory Services Purchases 28 Shares of TransDigm Group Incorporated (NYSE:TDG)

Strong Tower Advisory Services boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 669 shares of the aerospace company’s stock after buying an additional 28 shares during the period. Strong Tower Advisory Services’ holdings in TransDigm Group were worth $848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clarius Group LLC grew its position in shares of TransDigm Group by 11.7% during the 4th quarter. Clarius Group LLC now owns 400 shares of the aerospace company’s stock worth $507,000 after buying an additional 42 shares during the period. Oak Ridge Investments LLC increased its stake in TransDigm Group by 5.6% in the fourth quarter. Oak Ridge Investments LLC now owns 11,715 shares of the aerospace company’s stock valued at $14,846,000 after purchasing an additional 626 shares in the last quarter. BNC Wealth Management LLC raised its holdings in TransDigm Group by 5.6% in the fourth quarter. BNC Wealth Management LLC now owns 4,373 shares of the aerospace company’s stock worth $5,542,000 after purchasing an additional 230 shares during the period. Smith Salley Wealth Management increased its position in shares of TransDigm Group by 3.9% in the 4th quarter. Smith Salley Wealth Management now owns 7,599 shares of the aerospace company’s stock valued at $9,630,000 after buying an additional 283 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in TransDigm Group by 8.0% during the fourth quarter. HB Wealth Management LLC now owns 731 shares of the aerospace company’s stock worth $927,000 after acquiring an additional 54 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,525 shares of company stock valued at $108,692,621. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. KeyCorp raised their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,455.00.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,340.40 on Monday. The stock has a market capitalization of $75.37 billion, a PE ratio of 52.36, a P/E/G ratio of 2.84 and a beta of 1.38. The business has a fifty day moving average price of $1,277.54 and a two-hundred day moving average price of $1,307.04. TransDigm Group Incorporated has a fifty-two week low of $1,032.43 and a fifty-two week high of $1,451.32.

TransDigm Group 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.