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 the company’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TransDigm Group Stock Up 1.4 %

Shares of NYSE TDG opened at $1,340.40 on Friday. The firm has a market cap of $75.37 billion, a PE ratio of 52.36, a P/E/G ratio of 2.84 and a beta of 1.38. The company’s fifty day simple moving average is $1,277.54 and its 200 day simple moving average is $1,306.68. TransDigm Group Incorporated has a 12-month low of $1,032.43 and a 12-month high of $1,451.32.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

Hedge Funds Weigh In On TransDigm Group

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

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.