Several other research firms also recently commented on TDG. Credit Suisse Group increased their price objective on TransDigm Group from $476.00 to $539.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Canaccord Genuity reissued a buy rating and issued a $520.00 price objective (up from $460.00) on shares of TransDigm Group in a research note on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $465.00 to $515.00 and gave the company an underweight rating in a research note on Tuesday. Longbow Research assumed coverage on TransDigm Group in a research note on Tuesday, April 9th. They issued a neutral rating for the company. Finally, Zacks Investment Research raised TransDigm Group from a hold rating to a buy rating and set a $513.00 price objective for the company in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $454.64.
NYSE TDG traded up $9.21 during mid-day trading on Wednesday, hitting $461.84. The stock had a trading volume of 3,532 shares, compared to its average volume of 360,243. TransDigm Group has a twelve month low of $307.36 and a twelve month high of $489.95. The company has a market cap of $24.28 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.97 and a beta of 1.01.
In other news, EVP Jorge Valladares sold 5,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total transaction of $2,184,950.00. Following the completion of the transaction, the executive vice president now directly owns 14,000 shares in the company, valued at approximately $6,117,860. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small purchased 229,940 shares of the stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average price of $434.90 per share, with a total value of $100,000,906.00. Following the completion of the acquisition, the director now owns 37,175 shares in the company, valued at approximately $16,167,407.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 69,793 shares of company stock valued at $31,178,900. 11.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. purchased a new position in TransDigm Group during the 1st quarter valued at about $25,000. Bremer Bank National Association purchased a new position in TransDigm Group during the 1st quarter valued at about $32,000. Cresset Asset Management LLC purchased a new position in TransDigm Group during the 1st quarter valued at about $38,000. Marshall Wace LLP purchased a new position in TransDigm Group during the 1st quarter valued at about $47,000. Finally, Pinnacle Bank purchased a new position in TransDigm Group during the 4th quarter valued at about $37,000.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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