Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $3,940,488. This represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $4,831,164.00.
Transdigm Group Price Performance
NYSE TDG traded down $6.07 during trading on Wednesday, reaching $1,078.93. 604,413 shares of the company’s stock traded hands, compared to its average volume of 394,624. Transdigm Group Incorporated has a 12-month low of $1,071.25 and a 12-month high of $1,463.03. The firm has a market cap of $60.34 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. The company’s 50 day simple moving average is $1,213.59 and its two-hundred day simple moving average is $1,228.29.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Guggenheim started coverage on Transdigm Group in a report on Tuesday. They issued a “neutral” rating on the stock. Melius Research reissued a “hold” rating and set a $1,331.00 target price on shares of Transdigm Group in a research report on Monday. Wall Street Zen downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $1,350.00 price target on shares of Transdigm Group in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Transdigm Group currently has an average rating of “Hold” and an average price target of $1,454.87.
Check Out Our Latest Research Report on TDG
Institutional Trading of Transdigm Group
A number of institutional investors have recently bought and sold shares of TDG. Elyxium Wealth LLC acquired a new position in Transdigm Group during the fourth quarter worth about $25,000. Burkett Financial Services LLC acquired a new stake in Transdigm Group in the 2nd quarter valued at about $25,000. MCF Advisors LLC lifted its stake in Transdigm Group by 900.0% in the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 18 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Transdigm Group in the 2nd quarter worth approximately $31,000. Finally, Trust Co. of Vermont acquired a new position in shares of Transdigm Group during the 2nd quarter worth approximately $33,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.
About Transdigm Group
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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