TransDigm Group Incorporated (NYSE:TDG) Director Sells $53,832,400.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. This represents a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,326.51 on Thursday. The firm has a 50 day moving average price of $1,323.34 and a 200 day moving average price of $1,326.99. The company has a market capitalization of $74.40 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,163.82 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results 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 the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.16 earnings per share. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors have recently modified their holdings of the business. First Personal Financial Services acquired a new position in shares of TransDigm Group during the third quarter worth $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the third quarter worth $29,000. Capital Advisors Ltd. LLC grew its stake in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of TransDigm Group during the fourth quarter worth $32,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Barclays reissued 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

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.