Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $3,940,488. This trade represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Joel Reiss also recently made the following trade(s):
- On Monday, August 17th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The stock was sold at an average price of $1,238.76, for a total value of $4,831,164.00.
Transdigm Group Stock Down 0.6%
Shares of TDG stock opened at $1,078.93 on Thursday. The stock has a 50-day simple moving average of $1,209.25 and a 200 day simple moving average of $1,226.64. Transdigm Group Incorporated has a fifty-two week low of $1,071.25 and a fifty-two week high of $1,463.03. The stock has a market capitalization of $60.34 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.80 and a beta of 0.91.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Transdigm Group by 106.4% during the second quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company’s stock worth $522,754,000 after buying an additional 202,300 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Transdigm Group by 3.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,803 shares of the aerospace company’s stock worth $9,062,000 after acquiring an additional 206 shares in the last quarter. National Pension Service boosted its stake in shares of Transdigm Group by 3.8% during the 2nd quarter. National Pension Service now owns 135,233 shares of the aerospace company’s stock worth $180,136,000 after acquiring an additional 4,924 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Transdigm Group by 28.1% during the 2nd quarter. WINTON GROUP Ltd now owns 9,180 shares of the aerospace company’s stock valued at $12,228,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new position in shares of Transdigm Group in the 2nd quarter valued at approximately $208,000. Institutional investors own 95.78% of the company’s stock.
Key Headlines Impacting Transdigm Group
Here are the key news stories impacting Transdigm Group this week:
- Positive Sentiment: Royal Bank of Canada reaffirmed its “sector perform” rating but set a $1,350 price target, representing approximately 25% potential upside from the referenced share price. The target provides some support despite the bank’s neutral stance. Benzinga analyst rating report
- Neutral Sentiment: Melius Research reiterated its “hold” rating, signaling that it sees limited near-term reasons to change its view on TransDigm. Melius Research reiterates Hold rating
- Neutral Sentiment: Guggenheim initiated coverage with a “neutral” rating. The new coverage adds visibility but does not provide a bullish catalyst for the stock. Guggenheim initiates TransDigm coverage
- Negative Sentiment: COO Joel Reiss sold 3,900 TDG shares for approximately $4.27 million, reducing his holdings by 52%. Although insider sales may be routine, the large reduction can reinforce investor concerns about valuation and executive confidence. SEC insider trading filing
- Negative Sentiment: Coverage also highlighted a recent 2.6% slide in TransDigm shares, indicating continued technical weakness as the stock trades well below its 50-day and 200-day moving averages. TransDigm stock slide report
Analysts Set New Price Targets
Several research firms have issued reports on TDG. Royal Bank Of Canada restated a “sector perform” rating and issued a $1,350.00 price target on shares of Transdigm Group in a research report on Wednesday. Wall Street Zen downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. 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. JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Finally, Guggenheim assumed coverage on Transdigm Group in a report on Tuesday. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,454.87.
Get Our Latest Research Report on TDG
Transdigm Group Company Profile
TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.
TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.
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