TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small Sells 40,000 Shares of 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 sale, the director now owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,335.77 on Tuesday. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The company has a market capitalization of $74.92 billion, a P/E ratio of 47.12, a P/E/G ratio of 2.76 and a beta of 1.38. The business has a 50 day moving average price of $1,321.06 and a 200 day moving average price of $1,327.03.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 EPS. As a group, research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TDG. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial lifted their price target 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 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 company currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in TransDigm Group in the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC grew its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont grew its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in TransDigm Group in the 4th quarter worth approximately $32,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.