Transdigm Group Incorporated (NYSE:TDG – Get Free Report) Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. This represents a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
W Nicholas Howley also recently made the following trade(s):
- On Monday, July 20th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The stock was sold at an average price of $1,216.08, for a total value of $12,321,322.56.
- On Thursday, June 18th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The stock was sold at an average price of $1,319.55, for a total value of $13,369,680.60.
Transdigm Group Stock Performance
NYSE TDG traded down $11.54 during trading hours on Wednesday, reaching $1,222.24. 254,125 shares of the company’s stock were exchanged, compared to its average volume of 396,798. The company has a market capitalization of $68.36 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,463.03. The company’s 50-day moving average is $1,272.09 and its two-hundred day moving average is $1,250.15.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Wall Street Zen cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada reduced their target price on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets raised their price target on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Finally, Morgan Stanley cut Transdigm Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Transdigm Group presently has a consensus rating of “Hold” and an average price target of $1,463.71.
View Our Latest Stock Analysis on TDG
Institutional Investors Weigh In On Transdigm Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Ares Financial Consulting LLC acquired a new position in shares of Transdigm Group during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new position in shares of Transdigm Group in the 4th quarter worth about $25,000. Burkett Financial Services LLC bought a new stake in Transdigm Group during the second quarter worth approximately $25,000. MCF Advisors LLC increased its stake in shares of Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in Transdigm Group by 1,900.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 19 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
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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