TransDigm Group (TDG) Sets New 52-Week High and Low at $330.15
TransDigm Group (NYSE:TDG)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $330.15 and last traded at $329.86, with a volume of 181891 shares changing hands. The stock had previously closed at $326.37.
Several brokerages have recently issued reports on TDG. Cowen reiterated a “hold” rating and issued a $290.00 price objective on shares of TransDigm Group in a research note on Monday, January 29th. Royal Bank of Canada reiterated a “buy” rating and issued a $356.00 price objective on shares of TransDigm Group in a research note on Friday, April 6th. Zacks Investment Research cut TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. SunTrust Banks raised their target price on TransDigm Group to $335.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Canaccord Genuity reissued a “buy” rating and set a $330.00 target price on shares of TransDigm Group in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $326.57.
The stock has a market capitalization of $16,892.29, a P/E ratio of 27.40, a P/E/G ratio of 1.65 and a beta of 0.78. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.
In other news, EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $321.77, for a total value of $1,608,850.00. Following the transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at $2,895,930. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO W Nicholas Howley sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $295.00, for a total value of $2,802,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 88,644 shares of company stock worth $26,937,612. Corporate insiders own 10.52% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TDG. Viking Global Investors LP purchased a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $157,994,000. Mar Vista Investment Partners LLC boosted its stake in shares of TransDigm Group by 56.7% in the fourth quarter. Mar Vista Investment Partners LLC now owns 349,160 shares of the aerospace company’s stock valued at $95,886,000 after buying an additional 126,307 shares in the last quarter. Windacre Partnership LLC boosted its stake in shares of TransDigm Group by 14.5% in the fourth quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock valued at $243,094,000 after buying an additional 112,100 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of TransDigm Group by 25.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,268 shares of the aerospace company’s stock valued at $113,765,000 after buying an additional 83,180 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of TransDigm Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock valued at $1,141,491,000 after buying an additional 48,978 shares in the last quarter.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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