TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,531,770.24 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 15th, W Nicholas Howley sold 5,073 shares of TransDigm Group stock. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90.

TransDigm Group Price Performance

Shares of TDG stock traded down $1.75 during trading hours on Wednesday, reaching $1,373.70. 130,001 shares of the company were exchanged, compared to its average volume of 219,920. The company has a market cap of $76.87 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 2.12 and a beta of 1.42. The stock’s fifty day moving average is $1,286.00 and its two-hundred day moving average is $1,271.82. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,396.13.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $6.55 EPS. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its stake in shares of 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 purchasing an additional 17 shares during the last quarter. ORG Partners LLC acquired a new stake in TransDigm Group during the 1st quarter worth $30,000. Meeder Asset Management Inc. grew its holdings in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group during the 1st quarter valued at $39,000. Finally, Hershey Financial Advisers LLC acquired a new position in shares of TransDigm Group in the 2nd quarter valued at $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on TDG. Wells Fargo & Company reduced their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Bank of America raised their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

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.