Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 5,472 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Trading Down 1.6 %

Shares of TDG stock opened at $1,291.58 on Friday. The stock has a market capitalization of $72.44 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The stock’s 50-day moving average price is $1,306.06 and its 200-day moving average price is $1,319.28.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.16 EPS. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds have recently bought and sold shares of the business. Ascent Group LLC grew its stake in shares of TransDigm Group by 4.6% in the 4th quarter. Ascent Group LLC now owns 1,087 shares of the aerospace company’s stock worth $1,378,000 after buying an additional 48 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of TransDigm Group by 170.9% in the 4th quarter. Mackenzie Financial Corp now owns 12,927 shares of the aerospace company’s stock valued at $16,382,000 after acquiring an additional 8,156 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of TransDigm Group by 20.5% in the 4th quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company’s stock valued at $34,630,000 after acquiring an additional 4,651 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in TransDigm Group in the fourth quarter worth about $8,348,000. Finally, Vise Technologies Inc. increased its stake in TransDigm Group by 136.5% during the fourth quarter. Vise Technologies Inc. now owns 823 shares of the aerospace company’s stock worth $1,043,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the subject of a number of analyst reports. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup increased their price objective 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. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

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.