TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
TransDigm Group Stock Performance
TDG traded down $8.11 during mid-day trading on Wednesday, reaching $1,292.62. The stock had a trading volume of 292,111 shares, compared to its average volume of 264,757. The firm's fifty day simple moving average is $1,279.71 and its two-hundred day simple moving average is $1,306.06. The stock has a market capitalization of $72.68 billion, a P/E ratio of 50.49, a P/E/G ratio of 2.89 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $1,017.80 and a 52 week high of $1,451.32.
Wall Street Analyst Weigh In
TDG has been the topic of several analyst reports. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of 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. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,455.00.
Get Our Latest Stock Analysis on TransDigm Group
Hedge Funds Weigh In On TransDigm Group
Several hedge funds have recently added to or reduced their stakes in the company. Windacre Partnership LLC raised its holdings in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Darsana Capital Partners LP acquired a new position in TransDigm Group in the second quarter valued at approximately $210,806,000. International Assets Investment Management LLC boosted its stake in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock valued at $69,755,000 after acquiring an additional 48,833 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in TransDigm Group by 2,868.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock worth $60,136,000 after acquiring an additional 48,769 shares during the period. Institutional investors own 95.78% of the company's stock.
TransDigm Group Company Profile
(
Get Free Report)
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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![Insider Buying and Selling by Quarter for TransDigm Group (NYSE:TDG)](https://www.marketbeat.com/scripts/InsiderTradesChart.ashx?Prefix=NYSE&Symbol=TDG)
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