Rockingstone Advisors LLC Purchases 28 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rockingstone Advisors LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,023 shares of the aerospace company’s stock after purchasing an additional 28 shares during the period. TransDigm Group makes up about 1.7% of Rockingstone Advisors LLC’s portfolio, making the stock its 19th biggest position. Rockingstone Advisors LLC’s holdings in TransDigm Group were worth $3,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TDG. First Personal Financial Services purchased a new position in TransDigm Group during the 3rd quarter valued at about $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares in the last quarter. DT Investment Partners LLC increased its holdings in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group in the second quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent research reports. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company reduced 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. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,292.62 on Thursday. The business’s 50-day simple moving average is $1,279.71 and its two-hundred day simple moving average is $1,306.06. The company has a market cap of $72.68 billion, a PE ratio of 50.49, a PEG ratio of 2.84 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,017.80 and a fifty-two week high of $1,451.32.

Insider Activity at TransDigm Group

In other TransDigm Group news, 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 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 SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,525 shares of company stock worth $108,692,621 over the last quarter. Insiders own 4.96% of the company’s stock.

TransDigm Group Company 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.