Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Joel Reiss also recently made the following trade(s):
- On Monday, June 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00.
Transdigm Group Stock Performance
TDG stock traded down $1.06 during trading on Tuesday, hitting $1,236.76. 250,788 shares of the company traded hands, compared to its average volume of 397,710. The firm has a market capitalization of $69.18 billion, a PE ratio of 37.52, a P/E/G ratio of 2.10 and a beta of 0.91. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,463.03. The company has a 50-day moving average of $1,272.49 and a 200-day moving average of $1,251.38.
Institutional Trading of Transdigm Group
Large investors have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC bought a new position in Transdigm Group in the 4th quarter worth $25,000. Elyxium Wealth LLC bought a new stake in shares of Transdigm Group during the 4th quarter valued at about $25,000. Burkett Financial Services LLC purchased a new position in shares of Transdigm Group during the second quarter valued at about $25,000. MCF Advisors LLC raised its stake in Transdigm Group by 900.0% in the fourth 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 stake in Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after buying an additional 19 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. Morgan Stanley cut shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Weiss Ratings cut Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna reduced their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Six research 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 has an average rating of “Hold” and an average target price of $1,463.71.
Read Our Latest Report on Transdigm Group
Transdigm Group Company Profile
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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