Insider Selling: TransDigm Group Incorporated (NYSE:TDG) CFO Sells 1,800 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) CFO Sarah Wynne sold 1,800 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the transaction, the chief financial officer now owns 3,400 shares of the company's stock, valued at $4,930,000. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sarah Wynne also recently made the following trade(s):

• On Thursday, June 12th, Sarah Wynne sold 3,200 shares of TransDigm Group stock. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00.

TransDigm Group Price Performance

Shares of TDG stock traded up $1.76 on Friday, reaching $1,437.60. 318,150 shares of the stock were exchanged, compared to its average volume of 263,767. The stock has a market cap of $80.75 billion, a PE ratio of 50.71, a P/E/G ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The stock has a 50 day moving average price of $1,398.26 and a 200 day moving average price of $1,343.22.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company 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.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Bruce G. Allen Investments LLC lifted its holdings in shares of TransDigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its position 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 grew its position 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 position in shares of TransDigm Group in the 1st quarter valued at approximately $30,000. Finally, Park Square Financial Group LLC acquired a new position in TransDigm Group during the 4th quarter worth approximately $32,000. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDG. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company raised their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. UBS Group raised their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Truist Financial cut their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,505.23.

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.