TransDigm Group (NYSE:TDG) Stock Price Down 7% – Time to Sell?

TransDigm Group Incorporated (NYSE:TDG)’s share price fell 7% during mid-day trading on Thursday . The company traded as low as $1,265.71 and last traded at $1,267.00. 366,419 shares were traded during trading, an increase of 68% from the average session volume of 217,595 shares. The stock had previously closed at $1,363.00.

Analyst Ratings Changes

A number of research firms have issued reports on TDG. Morgan Stanley increased their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. KeyCorp increased 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. Northcoast Research began coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Truist Financial increased their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Trading Down 6.7 %

The firm has a 50-day moving average price of $1,368.86 and a 200-day moving average price of $1,319.00. The stock has a market capitalization of $71.51 billion, a PE ratio of 53.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

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 $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC boosted its position in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. raised its holdings in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group during the 2nd quarter valued at about $41,000. Institutional investors own 95.78% of the company’s stock.

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.