TransDigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Joel Reiss also recently made the following trade(s):
- On Tuesday, October 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00.
TransDigm Group Stock Performance
Shares of NYSE TDG opened at $1,276.15 on Friday. The stock has a 50 day moving average price of $1,305.89 and a 200 day moving average price of $1,310.89. The firm has a market capitalization of $71.76 billion, a price-to-earnings ratio of 49.85, a PEG ratio of 2.89 and a beta of 1.39. TransDigm Group Incorporated has a 52-week low of $972.08 and a 52-week high of $1,451.32.
Hedge Funds Weigh In On TransDigm Group
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A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. First Personal Financial Services purchased a new position in TransDigm Group during the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the third quarter valued at about $29,000. DT Investment Partners LLC grew its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock valued at $38,000 after buying an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the 2nd quarter valued at about $41,000. Institutional investors own 95.78% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Wells Fargo & Company cut their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,465.47.
Read Our Latest Analysis on TDG
About TransDigm Group
(
Get Free Report)
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.
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