TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,095,925.44 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TransDigm Group Stock Performance

TransDigm Group stock traded down $8.11 during mid-day trading on Wednesday, reaching $1,292.62. The company’s stock had a trading volume of 292,111 shares, compared to its average volume of 264,757. TransDigm Group Incorporated has a 12 month low of $1,017.80 and a 12 month high of $1,451.32. The business’s 50 day simple moving average is $1,279.71 and its 200 day simple moving average is $1,306.06. The company has a market capitalization of $72.68 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of TDG. CIBC Asset Management Inc boosted its position in TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after buying an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after buying an additional 8,655 shares in the last quarter. Finally, Swiss National Bank increased its holdings in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after buying an additional 1,400 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on TDG shares. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

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.