TransDigm Group Incorporated (NYSE:TDG) CEO Sells $12,161,600.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TransDigm Group Trading Down 1.0 %

Shares of NYSE TDG opened at $1,213.50 on Friday. TransDigm Group Incorporated has a twelve month low of $741.74 and a twelve month high of $1,248.39. The stock has a fifty day simple moving average of $1,191.38 and a 200-day simple moving average of $1,043.56. The stock has a market capitalization of $67.48 billion, a PE ratio of 51.51, a PEG ratio of 2.49 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm posted $4.15 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group during the 4th quarter worth $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the 4th quarter worth $26,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in TransDigm Group during the 3rd quarter worth $27,000. Resurgent Financial Advisors LLC acquired a new position in TransDigm Group during the 4th quarter worth $30,000. Finally, Optiver Holding B.V. acquired a new position in TransDigm Group during the 3rd quarter worth $35,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDG. Truist Financial raised their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Royal Bank of Canada lifted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Susquehanna lifted their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,163.27.

About TransDigm Group

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.