Insider Selling: Transdigm Group Incorporated (NYSE:TDG) Director Sells 2,736 Shares of Stock

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $31,117,035.84. This represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 5th, W Nicholas Howley sold 49,241 shares of Transdigm Group stock. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85.
• On Tuesday, April 15th, W Nicholas Howley sold 5,472 shares of Transdigm Group stock. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60.

Transdigm Group Price Performance

NYSE:TDG traded up $0.64 on Wednesday, hitting $1,426.02. 38,528 shares of the company's stock were exchanged, compared to its average volume of 262,879. The firm has a 50-day moving average price of $1,404.34 and a 200-day moving average price of $1,346.29. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The company has a market cap of $80.10 billion, a P/E ratio of 48.11, a price-to-earnings-growth ratio of 3.04 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.99 earnings per share. On average, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TDG shares. Susquehanna boosted their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. UBS Group increased their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Truist Financial lowered their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,505.23.

Hedge Funds Weigh In On Transdigm Group

Several hedge funds and other institutional investors have recently made changes to their positions in TDG. Bruce G. Allen Investments LLC lifted its stake in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC raised its holdings in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Transdigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. Saudi Central Bank acquired a new stake in Transdigm Group in the 1st quarter valued at about $30,000. Finally, Park Square Financial Group LLC bought a new position in Transdigm Group during the fourth quarter worth about $32,000. 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.

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