Teamwork Financial Advisors LLC Purchases 2,691 Shares of TransDigm Group Incorporated (NYSE:TDG)

Teamwork Financial Advisors LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 24.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,636 shares of the aerospace company’s stock after buying an additional 2,691 shares during the quarter. TransDigm Group accounts for approximately 2.2% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Teamwork Financial Advisors LLC’s holdings in TransDigm Group were worth $17,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TDG. First Personal Financial Services acquired a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the 3rd quarter worth about $29,000. Trust Co. of Vermont boosted its stake in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC increased its position 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 last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Down 0.3 %

Shares of TransDigm Group stock opened at $1,354.43 on Thursday. The stock has a market capitalization of $76.16 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 3.07 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,058.94 and a twelve month high of $1,451.32. The company has a 50-day simple moving average of $1,276.73 and a two-hundred day simple moving average of $1,308.34.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated 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 sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,525 shares of company stock worth $112,769,801. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TDG shares. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

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.