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 that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 16th, W Nicholas Howley sold 2,736 shares of Transdigm Group stock. The stock was sold at an average price of $1,444.08, for a total value of $3,951,002.88.
• 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.

Transdigm Group Trading Down 0.1%

NYSE TDG traded down $1.17 on Wednesday, hitting $1,574.40. 245,925 shares of the company's stock were exchanged, compared to its average volume of 261,487. The stock has a 50-day moving average of $1,463.01 and a 200-day moving average of $1,379.42. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,585.87. The stock has a market cap of $88.43 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 3.18 and a beta of 1.04.

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

Institutional Trading of Transdigm Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bruce G. Allen Investments LLC increased its holdings 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 purchasing an additional 10 shares during the period. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the period. Saudi Central Bank acquired a new stake in Transdigm Group during the 1st quarter worth about $30,000. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. grew its holdings in Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Susquehanna raised their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday. KeyCorp raised their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Truist Financial raised their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Four 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,594.80.

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.