Stifel Financial Corp grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,675 shares of the aerospace company’s stock after acquiring an additional 283 shares during the quarter. Stifel Financial Corp’s holdings in TransDigm Group were worth $1,246,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in TDG. Gilbert & Cook Inc. raised its position in TransDigm Group by 3.5% in the fourth quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 24 shares in the last quarter. JOYN Advisors Inc. raised its position in TransDigm Group by 33.3% in the fourth quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 33 shares in the last quarter. Keybank National Association OH raised its holdings in TransDigm Group by 0.9% during the 4th quarter. Keybank National Association OH now owns 7,072 shares of the aerospace company’s stock worth $2,405,000 after buying an additional 64 shares during the period. M&T Bank Corp raised its holdings in TransDigm Group by 1.3% during the 4th quarter. M&T Bank Corp now owns 6,060 shares of the aerospace company’s stock worth $2,060,000 after buying an additional 76 shares during the period. Finally, Cerity Partners LLC raised its holdings in TransDigm Group by 4.4% during the 4th quarter. Cerity Partners LLC now owns 2,041 shares of the aerospace company’s stock worth $694,000 after buying an additional 86 shares during the period.
Shares of NYSE TDG traded up $6.12 during trading hours on Friday, hitting $482.93. The stock had a trading volume of 214,321 shares, compared to its average volume of 362,097. The stock has a market cap of $25.26 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.04 and a beta of 1.01. TransDigm Group Incorporated has a 52 week low of $307.36 and a 52 week high of $484.36.
Several analysts have issued reports on TDG shares. Goldman Sachs Group started coverage on TransDigm Group in a report on Monday, March 18th. They set a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $355.00 target price on shares of TransDigm Group in a research note on Tuesday, January 8th. Canaccord Genuity lifted their target price on TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Longbow Research assumed coverage on TransDigm Group in a research note on Tuesday, April 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research cut TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. TransDigm Group has an average rating of “Buy” and a consensus price target of $429.82.
In other news, Director Mervin Dunn sold 8,944 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $432.28, for a total transaction of $3,866,312.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $418.55, for a total value of $7,150,089.65. Following the transaction, the chief executive officer now owns 43,818 shares of the company’s stock, valued at $18,340,023.90. The disclosure for this sale can be found here. Insiders have sold 95,357 shares of company stock valued at $41,248,657 in the last ninety days. Company insiders own 11.00% of the company’s stock.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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