W Nicholas Howley Sells 5,472 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

TransDigm Group Stock Performance

NYSE TDG opened at $1,320.63 on Friday. The company has a market capitalization of $74.26 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38. The business’s fifty day moving average is $1,277.95 and its 200 day moving average is $1,305.97. TransDigm Group Incorporated has a fifty-two week low of $1,025.01 and a fifty-two week high of $1,451.32.

Hedge Funds Weigh In On TransDigm Group

Several large investors have recently made changes to their positions in TDG. Oppenheimer & Co. Inc. lifted its position in shares of TransDigm Group by 20.3% in the second quarter. Oppenheimer & Co. Inc. now owns 1,787 shares of the aerospace company’s stock valued at $2,283,000 after acquiring an additional 301 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of TransDigm Group by 11.0% in the second quarter. Parallel Advisors LLC now owns 424 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 42 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of TransDigm Group by 17.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,553 shares of the aerospace company’s stock worth $1,984,000 after purchasing an additional 232 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of TransDigm Group by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 72,671 shares of the aerospace company’s stock worth $92,846,000 after purchasing an additional 6,258 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of TransDigm Group in the second quarter worth about $293,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research analyst reports. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

About TransDigm Group

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.