W Nicholas Howley Sells 5,472 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,388.25 on Friday. The stock has a fifty day simple moving average of $1,290.70 and a two-hundred day simple moving average of $1,273.34. The firm has a market capitalization of $77.89 billion, a PE ratio of 55.07, a PEG ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,400.63.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $6.55 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDG. Susquehanna increased their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Bank of America upped their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley upped their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently made changes to their positions in TDG. Vanguard Group Inc. boosted its stake in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares during the last quarter. Capital World Investors grew its stake in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of TransDigm Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after acquiring an additional 9,180 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.