TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,200,768.96 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

W Nicholas Howley also recently made the following trade(s):

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Price Performance

TDG traded down $30.98 during midday trading on Thursday, reaching $1,311.47. 150,357 shares of the company’s stock traded hands, compared to its average volume of 266,717. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 46.26, a P/E/G ratio of 2.73 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The firm has a fifty day moving average of $1,304.65 and a two-hundred day moving average of $1,319.33.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $7.16 earnings per share. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TDG shares. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. KeyCorp increased their price objective on shares of 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. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds have recently bought and sold shares of TDG. Creative Planning increased its position in shares of TransDigm Group by 3.9% during the third quarter. Creative Planning now owns 5,846 shares of the aerospace company’s stock valued at $8,343,000 after acquiring an additional 222 shares in the last quarter. Blue Trust Inc. raised its position in TransDigm Group by 159.3% in the 3rd quarter. Blue Trust Inc. now owns 293 shares of the aerospace company’s stock worth $418,000 after buying an additional 180 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of TransDigm Group by 1.5% in the third quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the aerospace company’s stock worth $8,971,000 after acquiring an additional 91 shares during the period. Private Advisor Group LLC boosted its holdings in TransDigm Group by 22.9% in the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock worth $2,494,000 after purchasing an additional 325 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in TransDigm Group by 3.7% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 783 shares of the aerospace company’s stock worth $1,117,000 after purchasing an additional 28 shares during the last quarter. 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.