TransDigm Group Incorporated (NYSE:TDG) Director Sells $47,519,825.34 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TransDigm Group Price Performance

Shares of TDG traded up $20.92 during midday trading on Monday, reaching $1,280.04. The stock had a trading volume of 349,076 shares, compared to its average volume of 228,242. The firm’s 50 day moving average price is $1,317.27 and its 200-day moving average price is $1,312.98. TransDigm Group Incorporated has a 52 week low of $972.08 and a 52 week high of $1,451.32. The company has a market capitalization of $71.98 billion, a P/E ratio of 50.04, a P/E/G ratio of 2.89 and a beta of 1.39.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,465.47.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently bought and sold shares of TDG. State Street Corp raised its stake in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after acquiring an additional 29,489 shares during the last quarter. FMR LLC increased its position in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the period. Geode Capital Management LLC boosted its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Windacre Partnership LLC grew its position in 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 acquiring an additional 217,700 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in TransDigm Group by 2.4% in the third 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. 95.78% of the stock is owned by institutional investors and hedge funds.

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.