Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,459,536. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Joel Reiss also recently made the following trade(s):
- On Monday, June 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00.
Transdigm Group Stock Performance
NYSE:TDG opened at $1,182.57 on Friday. The stock’s fifty day moving average price is $1,270.77 and its two-hundred day moving average price is $1,247.02. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,463.03. The company has a market cap of $66.14 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 2.04 and a beta of 0.91.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of TDG. Ares Financial Consulting LLC bought a new stake in shares of Transdigm Group in the 4th quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in Transdigm Group in the 4th quarter valued at approximately $25,000. Burkett Financial Services LLC bought a new stake in shares of Transdigm Group in the second quarter worth $25,000. MCF Advisors LLC lifted its position in 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 buying an additional 18 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Transdigm Group by 1,900.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Susquehanna cut their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen lowered Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,463.71.
Get Our Latest Stock Report on Transdigm Group
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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