Argent Capital Management LLC Reduces Stake in TransDigm Group Incorporated (NYSE:TDG)

Argent Capital Management LLC lessened its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,408 shares of the aerospace company's stock after selling 1,332 shares during the period. TransDigm Group accounts for approximately 2.1% of Argent Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Argent Capital Management LLC owned about 0.10% of TransDigm Group worth $74,020,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. HCR Wealth Advisors purchased a new stake in TransDigm Group in the fourth quarter valued at about $2,426,000. Rockingstone Advisors LLC increased its stake in TransDigm Group by 0.9% during the 4th quarter. Rockingstone Advisors LLC now owns 3,023 shares of the aerospace company's stock valued at $3,831,000 after purchasing an additional 28 shares in the last quarter. Moseley Investment Management Inc. raised its holdings in shares of TransDigm Group by 15.2% in the fourth quarter. Moseley Investment Management Inc. now owns 250 shares of the aerospace company's stock worth $317,000 after buying an additional 33 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of TransDigm Group by 29.9% during the fourth quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company's stock worth $1,174,000 after buying an additional 213 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of TransDigm Group by 6.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 496 shares of the aerospace company's stock valued at $629,000 after acquiring an additional 29 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,525 shares of company stock valued at $108,692,621. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Up 2.1 %

Shares of TransDigm Group stock traded up $27.10 on Thursday, reaching $1,320.63. The company's stock had a trading volume of 229,341 shares, compared to its average volume of 261,193. The company has a market capitalization of $74.26 billion, a P/E ratio of 51.59, a PEG ratio of 2.84 and a beta of 1.38. The stock has a 50-day moving average price of $1,277.95 and a 200-day moving average price of $1,305.97. TransDigm Group Incorporated has a 52-week low of $1,025.01 and a 52-week high of $1,451.32.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research reports. KeyCorp lifted their price target on 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. Wells Fargo & Company decreased 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 report on Wednesday, December 11th. Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,455.00.

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.