Secure Asset Management LLC Has $388,000 Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Secure Asset Management LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 306 shares of the aerospace company’s stock after buying an additional 10 shares during the quarter. Secure Asset Management LLC’s holdings in TransDigm Group were worth $388,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after purchasing an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC boosted its stake in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Finally, Windacre Partnership LLC increased its position in shares of TransDigm Group by 42.7% in 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 during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of analyst reports. KeyCorp raised 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, 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 $1,341.27 on Friday. The firm’s 50-day simple moving average is $1,278.26 and its 200 day simple moving average is $1,308.63. TransDigm Group Incorporated has a 52 week low of $1,063.53 and a 52 week high of $1,451.32. The firm has a market cap of $75.42 billion, a price-to-earnings ratio of 52.39, a P/E/G ratio of 3.06 and a beta of 1.38.

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.96% of the stock is currently owned by company insiders.

About TransDigm Group

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.