TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss Sells 3,000 Shares

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 TransDigm Group stock traded up $16.03 on Friday, hitting $1,276.15. 600,268 shares of the company’s stock were exchanged, compared to its average volume of 233,400. TransDigm Group Incorporated has a 1 year low of $972.08 and a 1 year high of $1,451.32. The company has a 50-day simple moving average of $1,308.58 and a 200-day simple moving average of $1,311.33. The stock has a market capitalization of $71.76 billion, a PE ratio of 49.85, a PEG ratio of 2.89 and a beta of 1.39.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft lifted their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,465.47.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its position in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% during the 3rd 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 period. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group during the 2nd quarter valued at $41,000. 95.78% of the stock is currently owned by hedge funds and other 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.