Kevin M. Stein Sells 20,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TransDigm Group Stock Up 1.4 %

TransDigm Group stock opened at $1,340.40 on Friday. The company’s 50-day moving average price is $1,277.54 and its 200-day moving average price is $1,306.68. The company has a market cap of $75.37 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,032.43 and a twelve month high of $1,451.32.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TDG shares. Wells Fargo & Company lowered their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. KeyCorp upped their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Souders Financial Advisors raised its holdings in shares of TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of TransDigm Group by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 478 shares of the aerospace company’s stock worth $606,000 after purchasing an additional 10 shares during the period. Secure Asset Management LLC boosted its stake in shares of TransDigm Group by 3.4% during the fourth quarter. Secure Asset Management LLC now owns 306 shares of the aerospace company’s stock valued at $388,000 after purchasing an additional 10 shares in the last quarter. Finally, DT Investment Partners LLC increased its holdings in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.