TransDigm Group (NYSE:TDG) Stock Price Down 7% – Time to Sell?

TransDigm Group Incorporated (NYSE:TDG)’s share price was down 7% during trading on Thursday . The company traded as low as $1,265.71 and last traded at $1,267.00. Approximately 366,419 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 217,595 shares. The stock had previously closed at $1,363.00.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TDG shares. Wells Fargo & Company decreased their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Truist Financial lifted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group decreased their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Susquehanna lifted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Stock Down 6.7 %

The company has a market capitalization of $71.51 billion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The company has a 50-day moving average of $1,368.86 and a two-hundred day moving average of $1,319.00.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % 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. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Personal Financial Services bought a new position in shares of TransDigm Group during the third quarter valued at $29,000. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. DT Investment Partners LLC increased its position 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 acquiring an additional 11 shares during the last quarter. Meeder Asset Management Inc. increased its position in 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 acquiring an additional 22 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group during the second quarter valued at $41,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Company Profile

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.