W Nicholas Howley Sells 49,241 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at $31,801,615.80. This trade represents a 69.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, April 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60.
• On Tuesday, February 18th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96.

TransDigm Group Trading Up 1.7 %

NYSE TDG traded up $24.49 during trading hours on Monday, reaching $1,474.77. The company had a trading volume of 563,321 shares, compared to its average volume of 257,703. The stock has a market capitalization of $82.71 billion, a P/E ratio of 52.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock has a 50-day moving average of $1,348.86 and a 200 day moving average of $1,320.32. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,500.05.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $7.16 EPS. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC grew its holdings in shares of TransDigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of TransDigm Group by 200.0% in the fourth 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. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the period. Park Square Financial Group LLC purchased a new position in TransDigm Group during the fourth quarter worth about $32,000. Finally, Versant Capital Management Inc raised its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TDG shares. Susquehanna upped their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Truist Financial reduced their price objective on shares of 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. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Finally, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,464.41.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.