TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496 shares of the aerospace company’s stock after acquiring an additional 29 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TransDigm Group were worth $629,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. First Personal Financial Services acquired a new stake in shares of TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the third quarter worth approximately $29,000. Versant Capital Management Inc lifted its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Up 2.1 %

Shares of TransDigm Group stock opened at $1,320.63 on Friday. The company has a 50-day moving average of $1,277.95 and a two-hundred day moving average of $1,305.97. The stock has a market cap of $74.26 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $1,025.01 and a 12-month high of $1,451.32.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,525 shares of company stock valued at $108,692,621 in the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDG. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Truist Financial increased their target price 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. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.