Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $1,290.52, for a total value of $5,033,028.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,645,872. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Joel Reiss also recently made the following trade(s):
- On Monday, November 17th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The shares were sold at an average price of $1,340.00, for a total value of $5,226,000.00.
- On Monday, October 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,279.59, for a total value of $3,838,770.00.
- On Monday, September 22nd, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00.
Transdigm Group Price Performance
Shares of TDG stock opened at $1,260.79 on Thursday. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The company has a market cap of $71.01 billion, a P/E ratio of 39.30, a P/E/G ratio of 2.80 and a beta of 0.94. The firm has a 50-day moving average of $1,315.29 and a 200-day moving average of $1,387.54.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on TDG shares. BNP Paribas upgraded Transdigm Group to a “strong-buy” rating in a research note on Tuesday, November 18th. Stifel Nicolaus reduced their price objective on Transdigm Group from $1,710.00 to $1,650.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Zacks Research raised Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. BNP Paribas Exane began coverage on Transdigm Group in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,576.29.
Hedge Funds Weigh In On Transdigm Group
Large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in Transdigm Group by 2.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company’s stock valued at $391,000 after buying an additional 7 shares during the period. Diversified Enterprises LLC boosted its stake in shares of Transdigm Group by 3.8% during the 2nd quarter. Diversified Enterprises LLC now owns 193 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 7 shares during the last quarter. FSM Wealth Advisors LLC grew its position in shares of Transdigm Group by 3.8% during the 2nd quarter. FSM Wealth Advisors LLC now owns 191 shares of the aerospace company’s stock valued at $292,000 after acquiring an additional 7 shares during the period. Fulton Bank N.A. increased its stake in shares of Transdigm Group by 3.3% in the 2nd quarter. Fulton Bank N.A. now owns 254 shares of the aerospace company’s stock worth $386,000 after purchasing an additional 8 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its holdings in Transdigm Group by 4.7% in the 2nd quarter. Tower Wealth Partners Inc. now owns 179 shares of the aerospace company’s stock worth $272,000 after purchasing an additional 8 shares during the period. 95.78% of the stock is currently owned by institutional investors.
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.
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