Northwestern Mutual Wealth Management Co. lowered its position in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 77.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,557 shares of the aerospace company’s stock after selling 5,320 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Transdigm Group were worth $2,071,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in shares of Transdigm Group during the fourth quarter worth $25,000. Elyxium Wealth LLC acquired a new position in Transdigm Group during the 4th quarter worth about $25,000. Elevation Wealth Partners LLC lifted its holdings in Transdigm Group by 1,100.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 24 shares of the aerospace company’s stock worth $32,000 after buying an additional 22 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of Transdigm Group in the 3rd quarter valued at about $34,000. Finally, Central Pacific Bank Trust Division increased its stake in shares of Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock valued at $35,000 after buying an additional 8 shares during the period. 95.78% of the stock is owned by institutional investors.
Transdigm Group Stock Performance
Shares of TDG stock opened at $1,241.05 on Friday. The company has a market cap of $69.41 billion, a P/E ratio of 38.73, a PEG ratio of 2.15 and a beta of 0.91. Transdigm Group Incorporated has a fifty-two week low of $1,123.61 and a fifty-two week high of $1,623.82. The stock has a 50 day simple moving average of $1,203.10 and a two-hundred day simple moving average of $1,281.43.
Insider Buying and Selling
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,154.09, for a total transaction of $4,500,951.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,154,724. This represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $1,213.05, for a total value of $12,290,622.60. Following the transaction, the director owned 21,548 shares in the company, valued at $26,138,801.40. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,096 shares of company stock worth $51,417,454 over the last 90 days. Company insiders own 3.20% of the company’s stock.
Analyst Ratings Changes
TDG has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets decreased their target price on shares of Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. TD Cowen lowered their price target on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price objective on shares of Transdigm Group from $1,660.00 to $1,680.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Transdigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,524.18.
View Our Latest Stock Analysis on Transdigm Group
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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