TransDigm Group (NYSE:TDG) Shares Gap Down – Time to Sell?

TransDigm Group Incorporated (NYSE:TDG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1,352.78, but opened at $1,253.46. TransDigm Group shares last traded at $1,319.45, with a volume of 78,284 shares traded.

Analysts Set New Price Targets

Several analysts have recently weighed in on TDG shares. Citigroup lifted their target price on 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. 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 note on Thursday, October 24th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Performance

The firm has a market cap of $74.57 billion, a PE ratio of 51.86, a PEG ratio of 3.06 and a beta of 1.40. The firm’s 50 day moving average price is $1,290.40 and its two-hundred day moving average price is $1,313.66.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. During the same period last year, the business posted $7.16 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock worth $112,769,801 in the last ninety days. 4.09% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings in TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TransDigm Group by 3.0% during the third 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 during the last quarter. JPMorgan Chase & Co. raised its position in TransDigm Group by 9.5% during the third 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 during the last quarter. Westfield Capital Management Co. LP raised its position in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after acquiring an additional 8,655 shares during the last quarter. Finally, Swiss National Bank raised its position in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.