Transdigm Group Incorporated (NYSE:TDG – Get Free Report) Director W Nicholas Howley sold 10,132 shares of the company’s 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 transaction of $11,964,068.24. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at approximately $25,444,309.36. This represents a 31.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction 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 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 Stock Down 0.3%
Shares of TDG traded down $3.49 during mid-day trading on Tuesday, hitting $1,178.86. 465,614 shares of the company’s stock were exchanged, compared to its average volume of 395,076. The firm has a fifty day moving average of $1,200.84 and a two-hundred day moving average of $1,288.54. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,623.82. The stock has a market cap of $65.93 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 2.01 and a beta of 0.90.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Norges Bank bought a new stake in Transdigm Group in the 4th quarter valued at $1,025,591,000. Principal Financial Group Inc. boosted its holdings in Transdigm Group by 18.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,379,816 shares of the aerospace company’s stock valued at $3,136,719,000 after purchasing an additional 367,756 shares during the period. Franklin Resources Inc. boosted its holdings in Transdigm Group by 161.7% in the 3rd quarter. Franklin Resources Inc. now owns 475,489 shares of the aerospace company’s stock valued at $626,704,000 after purchasing an additional 293,821 shares during the period. Capital Research Global Investors boosted its holdings in Transdigm Group by 12.2% in the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after purchasing an additional 268,824 shares during the period. Finally, Capital International Investors boosted its holdings in Transdigm Group by 4.1% in the 3rd quarter. Capital International Investors now owns 6,489,193 shares of the aerospace company’s stock valued at $8,552,028,000 after purchasing an additional 254,750 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TDG. Wells Fargo & Company began coverage on shares of Transdigm Group in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $1,200.00 price target on the stock. TD Cowen dropped their price target on shares of Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Robert W. Baird restated a “neutral” rating and set a $1,400.00 price target on shares of Transdigm Group in a research note on Wednesday, February 4th. Weiss Ratings lowered shares of Transdigm Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada dropped their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,524.18.
Get Our Latest Research Report 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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