Transdigm Group Incorporated (NYSE:TDG – Get Free Report) Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the sale, the director owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
W Nicholas Howley also recently made the following trade(s):
- On Thursday, June 18th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The stock was sold at an average price of $1,319.55, for a total transaction of $13,369,680.60.
- On Monday, May 18th, W Nicholas Howley sold 10,132 shares of Transdigm Group stock. The shares were sold at an average price of $1,180.82, for a total transaction of $11,964,068.24.
Transdigm Group Price Performance
Shares of TDG stock opened at $1,254.08 on Friday. The company has a market cap of $70.14 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.23 and a beta of 0.90. Transdigm Group Incorporated has a 1 year low of $1,123.61 and a 1 year high of $1,620.58. The firm has a fifty day moving average price of $1,268.54 and a 200-day moving average price of $1,266.47.
Institutional Trading of Transdigm Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northside Capital Management LLC purchased a new position in Transdigm Group during the 2nd quarter valued at approximately $599,000. Handelsbanken Fonder AB purchased a new stake in shares of Transdigm Group during the 2nd quarter worth approximately $232,000. Community Financial Services Group LLC boosted its position in shares of Transdigm Group by 1,467.6% during the 2nd quarter. Community Financial Services Group LLC now owns 2,226 shares of the aerospace company’s stock valued at $2,914,000 after acquiring an additional 2,084 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Transdigm Group during the 2nd quarter valued at approximately $247,000. Finally, Bay Rivers Group grew its holdings in shares of Transdigm Group by 7.9% in the second quarter. Bay Rivers Group now owns 408 shares of the aerospace company’s stock valued at $543,000 after purchasing an additional 30 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TDG. Deutsche Bank Aktiengesellschaft boosted their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. BMO Capital Markets lifted their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Stifel Nicolaus dropped their price target on shares of Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, Susquehanna decreased their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,477.47.
Check Out Our Latest Stock Report on Transdigm Group
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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