TransDigm Group (NYSE:TDG) Stock Price Down 7% – What’s Next?

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Citigroup decreased their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Price Performance

The firm has a fifty day simple moving average of $1,366.93 and a 200 day simple moving average of $1,318.66. The company has a market capitalization of $70.52 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 over the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bennett Selby Investments LP increased its stake in TransDigm Group by 2.4% during the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the last quarter. Souders Financial Advisors increased its stake in TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares during the last quarter. Prosperity Financial Group Inc. increased its stake in TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in TransDigm Group by 1.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after acquiring an additional 9 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in shares of TransDigm Group by 0.3% in the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds 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.