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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joel Reiss also recently made the following trade(s):

• On Friday, December 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,349.55 on Friday. The stock has a 50-day simple moving average of $1,276.73 and a 200-day simple moving average of $1,308.34. The stock has a market cap of $75.89 billion, a P/E ratio of 52.72, a P/E/G ratio of 3.07 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,058.94 and a 1 year high of $1,451.32.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TDG shares. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial boosted their price objective 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. Eight equities 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, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,455.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its position in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after acquiring an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after acquiring an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the period. Finally, Swiss National Bank boosted its position in shares of TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

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.