Patron Partners LLC Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Patron Partners LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247 shares of the aerospace company’s stock after purchasing an additional 34 shares during the period. Patron Partners LLC’s holdings in TransDigm Group were worth $313,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TDG. Souders Financial Advisors grew its position in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares during the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after buying an additional 8 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after acquiring an additional 8 shares in the last quarter. CX Institutional increased its holdings in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the period. Finally, Western Financial Corp CA raised its stake in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other news, 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was 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. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is currently owned by insiders.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,353.03 on Tuesday. The stock’s fifty day moving average price is $1,288.57 and its two-hundred day moving average price is $1,312.92. The company has a market cap of $75.82 billion, a PE ratio of 52.85, a P/E/G ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a fifty-two week low of $1,100.86 and a fifty-two week high of $1,451.32.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. KeyCorp boosted 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. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Truist Financial boosted 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, January 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,455.00.

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.