TransDigm Group Incorporated (NYSE:TDG – Get Free Report) CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
TransDigm Group Trading Up 0.6 %
Shares of TDG stock opened at $1,280.08 on Friday. The stock has a market cap of $71.83 billion, a P/E ratio of 50.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The stock has a 50 day simple moving average of $1,271.32 and a 200 day simple moving average of $1,241.53.
TransDigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.55 EPS. Analysts forecast that TransDigm Group Incorporated will post 30.58 EPS for the current year.
Institutional Investors Weigh In On TransDigm Group
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TDG shares. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. UBS Group decreased their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,422.94.
View Our Latest Stock Report on TDG
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.
Featured Articles
- Five stocks we like better than TransDigm Group
- What is Forex and How Does it Work?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- Stock Average Calculator
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- Using the MarketBeat Dividend Tax Calculator
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.