Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $1,243.70, for a total value of $4,850,430.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,477,320. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Joel Reiss also recently made the following trade(s):
- On Thursday, January 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The stock was sold at an average price of $1,429.92, for a total transaction of $5,576,688.00.
Transdigm Group Stock Performance
TDG opened at $1,190.54 on Friday. Transdigm Group Incorporated has a fifty-two week low of $1,177.02 and a fifty-two week high of $1,623.82. The firm has a 50-day moving average of $1,331.63 and a 200 day moving average of $1,318.32. The firm has a market cap of $67.23 billion, a P/E ratio of 38.31, a PEG ratio of 2.52 and a beta of 0.93.
Institutional Trading of Transdigm Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in Transdigm Group by 2.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 201,736 shares of the aerospace company’s stock worth $265,892,000 after acquiring an additional 4,870 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Transdigm Group by 272.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,009 shares of the aerospace company’s stock valued at $3,965,000 after purchasing an additional 2,201 shares during the period. Principal Financial Group Inc. grew its position in shares of Transdigm Group by 18.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after purchasing an additional 367,756 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Transdigm Group in the second quarter worth $3,041,000. Finally, Vulcan Value Partners LLC increased its holdings in shares of Transdigm Group by 7.8% in the third quarter. Vulcan Value Partners LLC now owns 249,643 shares of the aerospace company’s stock worth $328,977,000 after purchasing an additional 18,048 shares during the period. 95.78% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on TDG shares. KeyCorp downgraded Transdigm Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 5th. Zacks Research upgraded Transdigm Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Transdigm Group in a research report on Monday, December 29th. UBS Group cut their price target on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $1,400.00 price objective on shares of Transdigm Group in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,584.44.
Check Out Our Latest Stock Analysis on TDG
Transdigm Group Company Profile
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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