TransDigm Group Incorporated (NYSE:TDG) Director Sells $38,181,381.60 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 39,558 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $965.20, for a total value of $38,181,381.60. Following the sale, the director now directly owns 179,615 shares in the company, valued at $173,364,398. The transaction was disclosed in a filing with the SEC, which is available at this link.

TransDigm Group Trading Up 0.7 %

TDG traded up $6.73 during trading on Monday, hitting $964.36. The stock had a trading volume of 259,983 shares, compared to its average volume of 274,910. The firm has a market cap of $53.34 billion, a PE ratio of 43.82, a P/E/G ratio of 1.63 and a beta of 1.38. The company has a 50 day simple moving average of $869.55 and a 200-day simple moving average of $857.51. TransDigm Group Incorporated has a 12 month low of $599.42 and a 12 month high of $1,013.08.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.93. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.74 EPS. As a group, sell-side 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 disclosed a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be paid a $35.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date of this dividend is Friday, November 17th.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Private Advisor Group LLC grew its stake in shares of TransDigm Group by 23.4% in the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares during the last quarter. Acadian Asset Management LLC boosted its stake in TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after buying an additional 320 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after buying an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after buying an additional 1,132 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in TransDigm Group by 7.3% during the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after buying an additional 2,020 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TDG. Alembic Global Advisors lowered TransDigm Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 15th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Susquehanna increased their price target on TransDigm Group from $850.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Royal Bank of Canada raised their target price on TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Truist Financial reiterated a “buy” rating and issued a $1,044.00 price target on shares of TransDigm Group in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $997.54.

About TransDigm Group

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.