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, April 20th. The shares were sold at an average price of $1,265.06, for a total transaction of $12,817,587.92. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at $27,259,512.88. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
W Nicholas Howley also recently made the following trade(s):
- 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 transaction 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 transaction of $13,296,490.24.
Transdigm Group Trading Down 5.5%
NYSE:TDG traded down $69.88 during trading hours on Tuesday, hitting $1,204.74. The stock had a trading volume of 623,061 shares, compared to its average volume of 388,365. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The business has a 50 day simple moving average of $1,245.59 and a two-hundred day simple moving average of $1,303.40. The company has a market cap of $68.03 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.67 and a beta of 0.98.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TDG. KeyCorp downgraded shares of Transdigm Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 5th. UBS Group decreased their price target on shares of Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company began coverage on shares of Transdigm Group in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price target for the company. Weiss Ratings downgraded shares of Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Finally, Robert W. Baird reissued a “neutral” rating and set a $1,400.00 price target on shares of Transdigm Group in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,567.40.
Check Out Our Latest Stock Analysis on Transdigm Group
Hedge Funds Weigh In On Transdigm Group
A number of hedge funds have recently added to or reduced their stakes in TDG. Ares Financial Consulting LLC acquired a new position in Transdigm Group in the fourth quarter worth $25,000. Elyxium Wealth LLC acquired a new position in Transdigm Group in the fourth quarter worth $25,000. Salomon & Ludwin LLC acquired a new position in Transdigm Group in the third quarter worth $26,000. MCF Advisors LLC boosted its holdings 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 purchasing an additional 18 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings 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 purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.
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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