Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the company’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 owned 3,600 shares of the company’s stock, valued at approximately $4,477,320. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Joel Reiss also recently made the following trade(s):
- On Thursday, January 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The shares were sold at an average price of $1,429.92, for a total value of $5,576,688.00.
Transdigm Group Stock Performance
Shares of NYSE:TDG opened at $1,232.55 on Wednesday. The stock’s 50-day simple moving average is $1,339.08 and its two-hundred day simple moving average is $1,320.06. The stock has a market capitalization of $69.60 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 2.62 and a beta of 0.93. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.
Institutional Trading of Transdigm Group
Hedge funds and other institutional investors have recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of Transdigm Group during the 4th quarter valued at $25,000. Elyxium Wealth LLC bought a new stake in Transdigm Group during the fourth quarter valued at about $25,000. Salomon & Ludwin LLC purchased a new position in shares of Transdigm Group in the third quarter valued at about $26,000. MCF Advisors LLC grew its position in shares of Transdigm Group by 900.0% during the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Transdigm Group by 1,900.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 19 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on TDG. BNP Paribas Exane began coverage on shares of Transdigm Group in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price target on the stock. Zacks Research raised shares of Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. UBS Group reduced their price objective 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. Robert W. Baird reiterated a “neutral” rating and set a $1,400.00 target price on shares of Transdigm Group in a research report on Wednesday, February 4th. Finally, KeyCorp lowered Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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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