HCR Wealth Advisors Takes $2.43 Million Position in TransDigm Group Incorporated (NYSE:TDG)

HCR Wealth Advisors bought a new position in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,914 shares of the aerospace company’s stock, valued at approximately $2,426,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in TransDigm Group by 11.0% in the 2nd quarter. Parallel Advisors LLC now owns 424 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 42 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of TransDigm Group by 17.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,553 shares of the aerospace company’s stock worth $1,984,000 after buying an additional 232 shares during the period. Envestnet Asset Management Inc. increased its position in shares of TransDigm Group by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 72,671 shares of the aerospace company’s stock worth $92,846,000 after acquiring an additional 6,258 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of TransDigm Group during the second quarter valued at approximately $293,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of TransDigm Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 140,303 shares of the aerospace company’s stock valued at $179,271,000 after acquiring an additional 13,746 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDG has been the topic of a number of research analyst reports. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Finally, KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Price Performance

TDG stock opened at $1,292.62 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,017.80 and a 1 year high of $1,451.32. The stock has a market cap of $72.68 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 2.84 and a beta of 1.38. The company has a 50 day simple moving average of $1,279.71 and a 200 day simple moving average of $1,306.06.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction 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 transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This 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 worth $108,692,621 over the last three months. Company insiders own 4.96% of the company’s stock.

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.