175 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 175 shares of the aerospace company’s stock, valued at approximately $222,000.

Several other institutional investors have also modified their holdings of the business. Souders Financial Advisors grew its holdings 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 valued at $1,137,000 after purchasing an additional 8 shares during the last quarter. Prosperity Financial Group Inc. grew 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 purchasing an additional 8 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of TransDigm Group by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 478 shares of the aerospace company’s stock valued at $606,000 after purchasing an additional 10 shares during the last quarter. Secure Asset Management LLC grew its holdings in shares of TransDigm Group by 3.4% during the fourth quarter. Secure Asset Management LLC now owns 306 shares of the aerospace company’s stock valued at $388,000 after purchasing an additional 10 shares during the last quarter. Finally, DT Investment Partners LLC grew its holdings in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TDG shares. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,525 shares of company stock worth $112,769,801. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,341.27 on Friday. TransDigm Group Incorporated has a one year low of $1,063.53 and a one year high of $1,451.32. The stock has a fifty day moving average of $1,278.26 and a 200-day moving average of $1,308.63. The company has a market capitalization of $75.42 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

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.