Bay Rivers Group Buys 137 Shares of TransDigm Group Incorporated (NYSE:TDG)

Bay Rivers Group raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 64.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 349 shares of the aerospace company’s stock after acquiring an additional 137 shares during the quarter. Bay Rivers Group’s holdings in TransDigm Group were worth $442,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. First Personal Financial Services acquired a new stake in TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Trust Co. of Vermont grew its holdings in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the period. Finally, DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. KeyCorp boosted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their target price 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. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was 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 directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,525 shares of company stock worth $112,769,801. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.1 %

Shares of NYSE:TDG opened at $1,342.99 on Tuesday. The firm has a market cap of $75.52 billion, a P/E ratio of 52.46, a P/E/G ratio of 3.06 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,070.03 and a 12 month high of $1,451.32. The company’s 50-day moving average price is $1,280.00 and its two-hundred day moving average price is $1,309.63.

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.