TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,050 shares of the aerospace company’s stock after selling 18 shares during the quarter. Brighton Jones LLC’s holdings in TransDigm Group were worth $1,330,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp grew its stake in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC boosted its holdings in TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TransDigm Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. Finally, Windacre Partnership LLC increased its holdings in shares of TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.6 %

NYSE:TDG opened at $1,341.27 on Friday. TransDigm Group Incorporated has a 52 week low of $1,063.53 and a 52 week high of $1,451.32. The stock’s 50-day moving average price is $1,278.26 and its 200-day moving average price is $1,308.63. The stock has a market capitalization of $75.42 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

Insiders Place Their Bets

In other news, 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,525 shares of company stock worth $112,769,801. 4.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TDG. Truist Financial boosted 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 report on Tuesday, January 14th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company lowered 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 research report on Wednesday, December 11th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target 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.