TransDigm Group Incorporated (NYSE:TDG) Director Sells $259,673.58 in Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 197 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 21st, W Nicholas Howley sold 9,381 shares of TransDigm Group stock. The shares were sold at an average price of $1,165.00, for a total transaction of $10,928,865.00.
• On Friday, February 16th, W Nicholas Howley sold 2,391 shares of TransDigm Group stock. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05.

TransDigm Group Price Performance

NYSE TDG traded down $29.93 on Monday, reaching $1,280.56. The stock had a trading volume of 245,926 shares, compared to its average volume of 211,401. The firm has a fifty day moving average of $1,225.44 and a two-hundred day moving average of $1,094.20. TransDigm Group Incorporated has a 1-year low of $768.05 and a 1-year high of $1,330.82. The company has a market cap of $71.66 billion, a P/E ratio of 51.04, a price-to-earnings-growth ratio of 2.67 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.39 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Royal Bank of Canada increased their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. KeyCorp increased their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. TD Cowen increased their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Wells Fargo & Company raised their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 8th. Finally, Citigroup raised their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a research note on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,327.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its stake in TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company's stock valued at $79,909,000 after purchasing an additional 75,784 shares during the last quarter. Townsquare Capital LLC lifted its stake in TransDigm Group by 4.5% in the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company's stock valued at $2,235,000 after purchasing an additional 114 shares during the last quarter. Pacer Advisors Inc. lifted its stake in TransDigm Group by 26.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company's stock valued at $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in TransDigm Group by 14.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company's stock valued at $7,490,000 after purchasing an additional 962 shares during the last quarter. Finally, Chicago Capital LLC lifted its stake in TransDigm Group by 3.3% in the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company's stock valued at $48,877,000 after purchasing an additional 1,523 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.

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