Smith Salley Wealth Management Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Smith Salley Wealth Management increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,599 shares of the aerospace company’s stock after buying an additional 283 shares during the quarter. Smith Salley Wealth Management’s holdings in TransDigm Group were worth $9,630,000 as of its most recent SEC filing.

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

TransDigm Group Trading Up 1.4 %

Shares of TDG stock opened at $1,340.40 on Friday. The company has a market cap of $75.37 billion, a PE ratio of 52.36, a P/E/G ratio of 2.84 and a beta of 1.38. The company’s fifty day simple moving average is $1,277.54 and its 200-day simple moving average is $1,306.88. TransDigm Group Incorporated has a 52 week low of $1,032.43 and a 52 week high of $1,451.32.

Analyst Ratings Changes

Several brokerages recently weighed in on TDG. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Barclays restated 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. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

Insider Buying and Selling at TransDigm Group

In other news, 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 completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,525 shares of company stock valued at $108,692,621 over the last three months. 4.96% of the stock is owned by company insiders.

TransDigm Group 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.