Transdigm Group Incorporated (NYSE:TDG – Get Free Report) Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,180.82, for a total value of $11,964,068.24. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $25,444,309.36. The trade was a 31.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
W Nicholas Howley also recently made the following trade(s):
- On Monday, April 20th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The shares were sold at an average price of $1,265.06, for a total value of $12,817,587.92.
- On Wednesday, March 18th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The shares were sold at an average price of $1,213.05, for a total value of $12,290,622.60.
- On Wednesday, February 18th, W Nicholas Howley sold 10,168 shares of Transdigm Group stock. The shares were sold at an average price of $1,307.68, for a total value of $13,296,490.24.
Transdigm Group Stock Performance
Shares of NYSE:TDG opened at $1,178.86 on Wednesday. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82. The company has a market capitalization of $65.93 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a 50-day simple moving average of $1,198.52 and a 200 day simple moving average of $1,287.59.
Institutional Investors Weigh In On Transdigm Group
Several hedge funds have recently bought and sold shares of TDG. Empowered Funds LLC lifted its position in Transdigm Group by 5.0% during the first quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock worth $1,898,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Transdigm Group by 92.3% during the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after buying an additional 131 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Transdigm Group by 152.9% during the second quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock worth $3,138,000 after buying an additional 1,248 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Transdigm Group by 25.4% during the second quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock worth $50,227,000 after buying an additional 6,697 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Transdigm Group by 3.6% during the second quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock worth $39,264,000 after buying an additional 902 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TDG. TD Cowen cut their target price on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Company started coverage on Transdigm Group in a report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price target for the company. Jefferies Financial Group raised their price target on Transdigm Group from $1,565.00 to $1,575.00 in a report on Monday, May 11th. BNP Paribas Exane cut their price target on Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Finally, KeyCorp downgraded Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,524.18.
View Our Latest Stock Analysis 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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