SeaCrest Wealth Management LLC Has $840,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

SeaCrest Wealth Management LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 14.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 663 shares of the aerospace company’s stock after acquiring an additional 83 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in TransDigm Group were worth $840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDG. Tuttle Capital Management LLC increased its position in shares of TransDigm Group by 34.8% in the fourth quarter. Tuttle Capital Management LLC now owns 341 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 88 shares during the last quarter. Eastern Bank grew its stake in TransDigm Group by 1,460.0% in the fourth quarter. Eastern Bank now owns 78 shares of the aerospace company’s stock valued at $99,000 after purchasing an additional 73 shares in the last quarter. Wedmont Private Capital increased its position in shares of TransDigm Group by 2.3% during the 4th quarter. Wedmont Private Capital now owns 763 shares of the aerospace company’s stock worth $963,000 after purchasing an additional 17 shares during the last quarter. Paragon Advisors LLC raised its stake in shares of TransDigm Group by 1.8% during the 4th quarter. Paragon Advisors LLC now owns 1,576 shares of the aerospace company’s stock worth $1,997,000 after purchasing an additional 28 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of TransDigm Group by 6.7% in the 4th quarter. Czech National Bank now owns 12,192 shares of the aerospace company’s stock valued at $15,451,000 after buying an additional 762 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TDG. Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Stock Performance

TDG stock opened at $1,292.62 on Thursday. TransDigm Group Incorporated has a 52 week low of $1,017.80 and a 52 week high of $1,451.32. The company’s 50-day simple moving average is $1,279.71 and its 200 day simple moving average is $1,306.06. The company has a market capitalization of $72.68 billion, a PE ratio of 50.49, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s 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 directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $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 a total of 86,525 shares of company stock worth $108,692,621 in the last quarter. Corporate 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.