Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Patrick Joseph Murphy sold 290 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $1,329.03, for a total value of $385,418.70. Following the sale, the chief operating officer directly owned 1,055 shares of the company’s stock, valued at $1,402,126.65. This represents a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Patrick Joseph Murphy also recently made the following trade(s):
- On Monday, December 1st, Patrick Joseph Murphy sold 290 shares of Transdigm Group stock. The stock was sold at an average price of $1,351.06, for a total value of $391,807.40.
- On Monday, November 3rd, Patrick Joseph Murphy sold 290 shares of Transdigm Group stock. The stock was sold at an average price of $1,310.00, for a total value of $379,900.00.
- On Monday, October 27th, Patrick Joseph Murphy sold 580 shares of Transdigm Group stock. The shares were sold at an average price of $1,354.76, for a total value of $785,760.80.
Transdigm Group Stock Up 0.6%
Shares of NYSE TDG opened at $1,367.19 on Tuesday. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm’s 50-day simple moving average is $1,318.96 and its 200 day simple moving average is $1,375.94. The company has a market cap of $77.00 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.
Institutional Trading of Transdigm Group
Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in Transdigm Group in the 2nd quarter valued at $3,041,000. Franklin Resources Inc. boosted its position in shares of Transdigm Group by 1.8% in the second quarter. Franklin Resources Inc. now owns 181,668 shares of the aerospace company’s stock valued at $276,252,000 after acquiring an additional 3,153 shares during the period. Equitable Trust Co. boosted its position in shares of Transdigm Group by 8.2% in the second quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock valued at $9,688,000 after acquiring an additional 484 shares during the period. Goodman Advisory Group LLC acquired a new position in shares of Transdigm Group in the second quarter valued at about $3,000,000. Finally, Osaic Holdings Inc. increased its position in Transdigm Group by 51.3% during the second quarter. Osaic Holdings Inc. now owns 6,379 shares of the aerospace company’s stock worth $9,494,000 after acquiring an additional 2,163 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TDG shares. BNP Paribas Exane began coverage on Transdigm Group in a research note on Tuesday, November 18th. They set an “outperform” rating and a $1,775.00 price target on the stock. Truist Financial reduced their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. BNP Paribas upgraded shares of Transdigm Group to a “strong-buy” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada increased their price objective on shares of Transdigm Group from $1,385.00 to $1,400.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Transdigm Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,596.60.
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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