TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Western Financial Corp CA

Western Financial Corp CA raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,501 shares of the aerospace company’s stock after purchasing an additional 9 shares during the quarter. TransDigm Group comprises about 1.0% of Western Financial Corp CA’s investment portfolio, making the stock its 20th largest position. Western Financial Corp CA’s holdings in TransDigm Group were worth $1,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. State Street Corp boosted its stake in TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after acquiring an additional 29,489 shares during the period. JPMorgan Chase & Co. grew its position in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC boosted its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after purchasing an additional 19,314 shares during the period. Finally, Windacre Partnership LLC grew its holdings in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after acquiring an additional 217,700 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.96% of the stock is owned by insiders.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,352.43 on Friday. The company has a market capitalization of $75.79 billion, a PE ratio of 52.83, a price-to-earnings-growth ratio of 3.03 and a beta of 1.38. The business has a 50 day simple moving average of $1,288.57 and a 200 day simple moving average of $1,312.20. TransDigm Group Incorporated has a one year low of $1,086.37 and a one year high of $1,451.32.

Analysts Set New Price Targets

Several research firms have issued reports on TDG. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. KeyCorp raised their price target 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. JPMorgan Chase & Co. boosted their target price 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. Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

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.