BNC Wealth Management LLC Purchases 230 Shares of TransDigm Group Incorporated (NYSE:TDG)

BNC Wealth Management LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,373 shares of the aerospace company’s stock after buying an additional 230 shares during the period. TransDigm Group accounts for approximately 1.8% of BNC Wealth Management LLC’s holdings, making the stock its 17th biggest position. BNC Wealth Management LLC’s holdings in TransDigm Group were worth $5,542,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Moors & Cabot Inc. boosted its holdings in TransDigm Group by 28.0% in the 2nd quarter. Moors & Cabot Inc. now owns 238 shares of the aerospace company’s stock valued at $304,000 after purchasing an additional 52 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in TransDigm Group by 171.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,174 shares of the aerospace company’s stock valued at $8,424,000 after purchasing an additional 3,900 shares during the period. Brighton Jones LLC boosted its holdings in TransDigm Group by 12.3% in the 2nd quarter. Brighton Jones LLC now owns 1,030 shares of the aerospace company’s stock valued at $1,316,000 after purchasing an additional 113 shares during the period. Ieq Capital LLC boosted its holdings in TransDigm Group by 16.1% in the 2nd quarter. Ieq Capital LLC now owns 2,302 shares of the aerospace company’s stock valued at $2,942,000 after purchasing an additional 320 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in TransDigm Group by 13.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 145,411 shares of the aerospace company’s stock valued at $185,779,000 after purchasing an additional 17,182 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,340.40 on Friday. The company’s 50 day simple moving average is $1,277.54 and its 200 day simple moving average is $1,306.88. TransDigm Group Incorporated has a fifty-two week low of $1,032.43 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $75.37 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 2.84 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of 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. JPMorgan Chase & Co. increased 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,525 shares of company stock valued at $108,692,621 in the last 90 days. 4.96% of the stock is owned by insiders.

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.