CHURCHILL MANAGEMENT Corp Sells 746 Shares of TransDigm Group Incorporated (NYSE:TDG)

CHURCHILL MANAGEMENT Corp trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,666 shares of the aerospace company’s stock after selling 746 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in TransDigm Group were worth $7,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Souders Financial Advisors lifted its stake in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after buying an additional 8 shares during the last quarter. Prosperity Financial Group Inc. raised its stake in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares in the last quarter. DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of TransDigm Group by 0.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company’s stock valued at $2,730,000 after purchasing an additional 11 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in TransDigm Group by 7.5% during the second quarter. EverSource Wealth Advisors LLC now owns 171 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 12 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,525 shares of company stock valued at $108,692,621. 4.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TDG shares. KeyCorp increased their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,292.62 on Thursday. The business’s fifty day moving average is $1,279.71 and its 200 day moving average is $1,306.06. The firm has a market cap of $72.68 billion, a price-to-earnings ratio of 50.49, a PEG ratio of 2.84 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,017.80 and a 52-week high of $1,451.32.

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.