CHURCHILL MANAGEMENT Corp Sells 746 Shares of TransDigm Group Incorporated (NYSE:TDG)

CHURCHILL MANAGEMENT Corp cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,666 shares of the aerospace company's stock after selling 746 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in TransDigm Group were worth $7,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Rockingstone Advisors LLC grew its position in TransDigm Group by 0.9% in the 4th quarter. Rockingstone Advisors LLC now owns 3,023 shares of the aerospace company's stock worth $3,831,000 after purchasing an additional 28 shares during the period. Moseley Investment Management Inc. increased its stake in TransDigm Group by 15.2% during the fourth quarter. Moseley Investment Management Inc. now owns 250 shares of the aerospace company's stock worth $317,000 after acquiring an additional 33 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of TransDigm Group by 29.9% in the 4th quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company's stock worth $1,174,000 after acquiring an additional 213 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in 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 last quarter. Finally, Oak Thistle LLC increased its position in shares of TransDigm Group by 38.0% during the fourth quarter. Oak Thistle LLC now owns 1,129 shares of the aerospace company's stock worth $1,431,000 after acquiring an additional 311 shares during the period. Institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Down 0.6 %

TransDigm Group stock opened at $1,292.62 on Thursday. TransDigm Group Incorporated has a 12-month low of $1,017.80 and a 12-month high of $1,451.32. The stock has a market capitalization of $72.68 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 2.84 and a beta of 1.38. The stock has a 50-day simple moving average of $1,279.71 and a 200 day simple moving average of $1,306.06.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDG. KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Truist Financial increased 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. Finally, Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,455.00.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. 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 can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated 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 represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,525 shares of company stock valued at $108,692,621 over the last quarter. Corporate insiders own 4.96% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.