Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells $6,302,187.90 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 9th, W Nicholas Howley sold 197 shares of TransDigm Group stock. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58.

TransDigm Group Price Performance

TDG stock opened at $1,247.60 on Friday. The stock has a market cap of $69.82 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 2.15 and a beta of 1.38. The company has a 50 day simple moving average of $1,302.37 and a 200 day simple moving average of $1,210.11. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business earned $5.39 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 30.14 EPS for the current fiscal year.

Hedge Funds Weigh In On TransDigm Group

Large investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of TransDigm Group in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group in the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% in 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 period. ORG Partners LLC bought a new position in shares of TransDigm Group during the first quarter valued at $30,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group during the fourth quarter worth $37,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDG shares. Bank of America increased their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Truist Financial lifted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Finally, KeyCorp boosted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,417.69.

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.