TransDigm Group Incorporated (NYSE:TDG) Director Sells $26,804,000.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total transaction of $26,804,000.00. Following the sale, the director now directly owns 95,356 shares in the company, valued at approximately $127,796,111.20. The trade was a 17.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,326.51 on Thursday. The stock has a market cap of $74.40 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.76 and a beta of 1.38. The firm has a fifty day moving average price of $1,323.34 and a 200 day moving average price of $1,326.99. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $7.16 EPS. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TDG shares. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

Institutional Trading of TransDigm Group

A number of large investors have recently bought and sold shares of TDG. First Personal Financial Services acquired a new stake in TransDigm Group during the 3rd quarter worth $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the 3rd quarter worth $29,000. Capital Advisors Ltd. LLC raised its position in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont raised its position in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in TransDigm Group during the 4th quarter worth $32,000. Institutional investors and hedge funds 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.