TransDigm Group (NYSE:TDG) Shares Gap Down – Time to Sell?

TransDigm Group Incorporated (NYSE:TDG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $1,352.78, but opened at $1,253.46. TransDigm Group shares last traded at $1,319.45, with a volume of 78,284 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on TDG. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their target price 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. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

TransDigm Group Price Performance

The business has a fifty day moving average of $1,290.40 and a 200 day moving average of $1,313.66. The stock has a market cap of $74.57 billion, a PE ratio of 51.86, a P/E/G ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. During the same period in the previous year, the business posted $7.16 earnings per share. On average, equities research analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Large investors have recently made changes to their positions in the company. Windacre Partnership LLC increased its stake in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after buying an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the last quarter. International Assets Investment Management LLC grew its stake in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the last quarter. Finally, FMR LLC grew its stake in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Institutional investors and hedge funds 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.