UNIVEST FINANCIAL Corp purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 4,263 shares of the aerospace company’s stock, valued at approximately $5,679,000.
Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in shares of Transdigm Group in the 4th quarter valued at $25,000. Elyxium Wealth LLC acquired a new position in shares of Transdigm Group during the fourth quarter worth $25,000. Burkett Financial Services LLC acquired a new position in shares of Transdigm Group during the second quarter worth $25,000. MCF Advisors LLC increased its holdings in Transdigm Group by 900.0% in the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after buying an additional 18 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after buying an additional 19 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.
Transdigm Group Price Performance
Shares of TDG opened at $1,237.18 on Tuesday. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,463.03. The stock has a market cap of $69.20 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91. The firm has a fifty day moving average price of $1,272.49 and a 200 day moving average price of $1,251.38.
Analyst Upgrades and Downgrades
TDG has been the subject of a number of recent analyst reports. UBS Group lifted their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Weiss Ratings lowered Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. BNP Paribas Exane decreased their target price on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,463.71.
View Our Latest Report on Transdigm Group
Insider Transactions at Transdigm Group
In other Transdigm Group news, Director W Nicholas Howley sold 10,132 shares of Transdigm Group stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $26,204,091.84. The trade was a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This represents a 52.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,164 shares of company stock valued at $30,670,445. Insiders own 3.20% of the company’s stock.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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