TransDigm Group Incorporated (NYSE:TDG) Director Sells $4,454,060.00 in Stock

TransDigm Group Incorporated (NYSE:TDGGet Rating) Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $685.24, for a total transaction of $4,454,060.00. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $14,765,551.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, December 15th, W Nicholas Howley sold 6,500 shares of TransDigm Group stock. The shares were sold at an average price of $620.35, for a total transaction of $4,032,275.00.
  • On Tuesday, November 15th, W Nicholas Howley sold 6,500 shares of TransDigm Group stock. The shares were sold at an average price of $620.35, for a total transaction of $4,032,275.00.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $660.24 on Friday. The firm’s 50 day moving average price is $630.60 and its 200-day moving average price is $599.90. The company has a market cap of $35.90 billion, a PE ratio of 49.13, a P/E/G ratio of 1.67 and a beta of 1.39. TransDigm Group Incorporated has a 52-week low of $499.63 and a 52-week high of $691.00.

TransDigm Group (NYSE:TDGGet Rating) last issued its earnings results on Thursday, November 10th. The aerospace company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.28. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. TransDigm Group had a net margin of 15.95% and a negative return on equity of 29.95%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.94 earnings per share. On average, analysts forecast that TransDigm Group Incorporated will post 19.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of TransDigm Group from $705.00 to $700.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 9th. Wolfe Research started coverage on shares of TransDigm Group in a research report on Monday, October 10th. They set an “outperform” rating and a $650.00 price objective on the stock. Wells Fargo & Company downgraded shares of TransDigm Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $735.00 to $660.00 in a research report on Monday, November 28th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley reduced their target price on shares of TransDigm Group from $801.00 to $765.00 and set an “overweight” rating on the stock in a research report on Monday, December 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Hold” and a consensus target price of $696.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDG. Lone Pine Capital LLC bought a new position in shares of TransDigm Group in the third quarter worth approximately $387,067,000. Principal Financial Group Inc. lifted its position in TransDigm Group by 5.6% during the second quarter. Principal Financial Group Inc. now owns 3,257,661 shares of the aerospace company’s stock valued at $1,748,289,000 after purchasing an additional 173,413 shares during the period. Putnam Investments LLC lifted its position in TransDigm Group by 725.0% during the third quarter. Putnam Investments LLC now owns 195,910 shares of the aerospace company’s stock valued at $102,818,000 after purchasing an additional 172,163 shares during the period. Renaissance Technologies LLC lifted its position in TransDigm Group by 1,887.1% during the second quarter. Renaissance Technologies LLC now owns 139,100 shares of the aerospace company’s stock valued at $74,651,000 after purchasing an additional 132,100 shares during the period. Finally, Vanguard Group Inc. lifted its position in TransDigm Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock valued at $3,650,144,000 after purchasing an additional 117,137 shares during the period. Institutional investors own 96.00% of the company’s stock.

About TransDigm Group

(Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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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