Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 45,700 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the transaction, the director now owns 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $1.76 during mid-day trading on Friday, hitting $1,437.60. The stock had a trading volume of 318,088 shares, compared to its average volume of 263,100. The business has a 50 day moving average price of $1,394.11 and a two-hundred day moving average price of $1,342.01. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The firm has a market cap of $80.75 billion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm posted $7.99 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group lifted 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. Truist Financial dropped their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Susquehanna upped their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,505.23.

Institutional Investors Weigh In On TransDigm Group

Large investors have recently modified their holdings of the stock. Winch Advisory Services LLC boosted its position in TransDigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares in the last quarter. Quent Capital LLC boosted its position in shares of TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC grew its stake in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares during the period. Rothschild Investment LLC raised its holdings in TransDigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after purchasing an additional 8 shares in the last quarter. Finally, Balefire LLC raised its holdings in TransDigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

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.