TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Oak Ridge Investments LLC

Oak Ridge Investments LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.6% in the fourth quarter, Holdings Channel reports. The fund owned 11,715 shares of the aerospace company’s stock after purchasing an additional 626 shares during the period. TransDigm Group accounts for about 1.2% of Oak Ridge Investments LLC’s portfolio, making the stock its 19th largest holding. Oak Ridge Investments LLC’s holdings in TransDigm Group were worth $14,846,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BNC Wealth Management LLC raised its position in shares of TransDigm Group by 5.6% during the 4th quarter. BNC Wealth Management LLC now owns 4,373 shares of the aerospace company’s stock valued at $5,542,000 after buying an additional 230 shares during the period. Smith Salley Wealth Management increased its stake in TransDigm Group by 3.9% during the fourth quarter. Smith Salley Wealth Management now owns 7,599 shares of the aerospace company’s stock worth $9,630,000 after acquiring an additional 283 shares during the last quarter. HB Wealth Management LLC raised its position in TransDigm Group by 8.0% in the fourth quarter. HB Wealth Management LLC now owns 731 shares of the aerospace company’s stock valued at $927,000 after purchasing an additional 54 shares during the period. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of TransDigm Group by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 478 shares of the aerospace company’s stock worth $606,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDG. KeyCorp boosted their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock 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 report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

TransDigm Group Trading Up 1.4 %

TransDigm Group stock opened at $1,340.40 on Friday. The stock has a market cap of $75.37 billion, a P/E ratio of 52.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38. The company has a fifty day simple moving average of $1,277.54 and a 200-day simple moving average of $1,306.88. TransDigm Group Incorporated has a 12-month low of $1,032.43 and a 12-month high of $1,451.32.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. 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. Insiders own 4.96% of the company’s stock.

About TransDigm Group

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.