Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 20,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $988.76, for a total transaction of $19,775,200.00. Following the completion of the transaction, the director now directly owns 187,870 shares in the company, valued at $185,758,341.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $6.73 during trading hours on Monday, hitting $964.36. 259,983 shares of the stock were exchanged, compared to its average volume of 274,910. The company’s 50 day moving average is $869.55 and its 200 day moving average is $857.51. The firm has a market capitalization of $53.34 billion, a P/E ratio of 43.82, a P/E/G ratio of 1.63 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $599.42 and a one year high of $1,013.08.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $4.74 EPS. The business’s revenue was up 22.6% on a year-over-year basis. Research analysts anticipate that TransDigm Group Incorporated will post 28.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 20th will be issued a $35.00 dividend. The ex-dividend date is Friday, November 17th. This is an increase from TransDigm Group’s previous special dividend of $22.00.

Institutional Trading of TransDigm Group

A number of hedge funds have recently bought and sold shares of TDG. Deutsche Bank AG boosted its holdings in TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares during the period. FMR LLC boosted its holdings in TransDigm Group by 217.5% in the 1st quarter. FMR LLC now owns 1,340,675 shares of the aerospace company’s stock valued at $988,145,000 after purchasing an additional 918,393 shares during the period. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 567.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 758,088 shares of the aerospace company’s stock valued at $677,860,000 after purchasing an additional 644,578 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of TransDigm Group by 128.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock valued at $603,465,000 after buying an additional 459,787 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of TransDigm Group by 17.9% in the 2nd quarter. Capital World Investors now owns 2,206,880 shares of the aerospace company’s stock valued at $1,973,326,000 after buying an additional 335,334 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TDG shares. Bank of America lifted their target price on shares of TransDigm Group from $980.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Alembic Global Advisors downgraded shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 15th. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of TransDigm Group in a research note on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 price objective on the stock. Finally, Truist Financial reiterated a “buy” rating and issued a $1,044.00 price objective on shares of TransDigm Group in a research note on Friday, October 20th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $997.54.

TransDigm Group Company Profile

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.