TransDigm Group Incorporated (NYSE:TDG) CEO Sells $12,282,400.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) 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) 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

Several institutional investors and hedge funds have recently bought and sold shares of TDG. Fortitude Family Office LLC increased its holdings 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 buying an additional 17 shares during the period. ORG Partners LLC bought a new position in TransDigm Group in the first quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its stake in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the 1st quarter valued at $39,000. Institutional investors own 95.78% of the company’s stock.

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.

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.