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

Transdigm Group logo with Aerospace background

Key Points

  • W Nicholas Howley, a director at Transdigm Group, sold 2,736 shares of stock at an average price of $1,298.87, totaling approximately $3.55 million, resulting in an 11.27% decrease in his ownership.
  • Transdigm reported quarterly earnings of $9.60 EPS, missing analyst estimates, and had a revenue of $2.24 billion, which also fell short of expectations.
  • The company declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00.
  • MarketBeat previews the top five stocks to own by November 1st.

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the transaction, the director directly owned 21,548 shares in the company, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, September 15th, W Nicholas Howley sold 2,736 shares of Transdigm Group stock. The stock was sold at an average price of $1,282.47, for a total transaction of $3,508,837.92.

Transdigm Group Price Performance

Shares of NYSE:TDG traded down $74.74 during trading on Wednesday, reaching $1,237.74. 750,884 shares of the company were exchanged, compared to its average volume of 299,714. The firm has a market capitalization of $69.75 billion, a PE ratio of 41.08, a P/E/G ratio of 2.94 and a beta of 1.02. The business's fifty day simple moving average is $1,329.97 and its 200-day simple moving average is $1,405.19. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of Transdigm Group by 22.8% in the 3rd quarter. Pacer Advisors Inc. now owns 5,508 shares of the aerospace company's stock valued at $7,260,000 after buying an additional 1,023 shares during the period. Private Trust Co. NA lifted its holdings in shares of Transdigm Group by 9.8% in the 3rd quarter. Private Trust Co. NA now owns 326 shares of the aerospace company's stock valued at $430,000 after buying an additional 29 shares during the period. Swedbank AB purchased a new position in Transdigm Group in the third quarter valued at $5,544,000. Vontobel Holding Ltd. increased its holdings in Transdigm Group by 1,308.0% in the third quarter. Vontobel Holding Ltd. now owns 3,168 shares of the aerospace company's stock valued at $4,175,000 after buying an additional 2,943 shares in the last quarter. Finally, Strong Tower Advisory Services increased its holdings in Transdigm Group by 19.1% in the third quarter. Strong Tower Advisory Services now owns 693 shares of the aerospace company's stock valued at $914,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TDG. Stifel Nicolaus began coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. Susquehanna lowered their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada downgraded shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,564.56.

Read Our Latest Analysis on TDG

About Transdigm Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Transdigm Group (NYSE:TDG)

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