Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,095,925.44 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were 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 owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TransDigm Group Trading Up 1.4 %

Shares of TransDigm Group stock opened at $1,340.40 on Friday. 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. The company has a 50 day moving average of $1,277.54 and a 200-day moving average of $1,306.68. TransDigm Group Incorporated has a 1-year low of $1,032.43 and a 1-year high of $1,451.32.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. Citigroup increased their price objective on shares of 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. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,455.00.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Personal Financial Services bought a new position in shares of TransDigm Group in the 3rd quarter valued at $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the third quarter valued at about $29,000. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC boosted its stake in shares of 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 in the last quarter. 95.78% of the stock is currently owned by 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.