TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss Sells 3,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Joel Reiss also recently made the following trade(s):

• On Tuesday, October 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00.

TransDigm Group Trading Up 1.3 %

TDG stock opened at $1,276.15 on Friday. The stock’s 50 day simple moving average is $1,305.89 and its 200 day simple moving average is $1,310.89. The stock has a market capitalization of $71.76 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TDG shares. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Wells Fargo & Company reduced their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Finally, Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,465.47.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of TransDigm Group by 19.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,157 shares of the aerospace company’s stock worth $1,478,000 after acquiring an additional 187 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in TransDigm Group by 51.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 400 shares of the aerospace company’s stock valued at $511,000 after purchasing an additional 136 shares during the period. Secure Asset Management LLC purchased a new stake in TransDigm Group in the second quarter worth about $372,000. Catalina Capital Group LLC bought a new position in shares of TransDigm Group in the second quarter worth about $222,000. Finally, Premier Path Wealth Partners LLC lifted its position in shares of TransDigm Group by 3.1% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 497 shares of the aerospace company’s stock valued at $635,000 after buying an additional 15 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

About TransDigm Group

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.