TransDigm Group Incorporated (NYSE:TDG – Get Free Report) CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
TransDigm Group Trading Up 0.2 %
NYSE:TDG opened at $1,225.70 on Thursday. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,248.39. The business’s 50-day moving average price is $1,189.68 and its two-hundred day moving average price is $1,042.37. The firm has a market capitalization of $68.16 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 2.49 and a beta of 1.42.
TransDigm Group (NYSE:TDG – Get Free Report) last released its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $4.15 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Sell-side analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.
Institutional Investors Weigh In On TransDigm Group
Analyst Ratings Changes
A number of research firms have commented on TDG. Royal Bank of Canada boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Susquehanna upped their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Citigroup upped their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, KeyCorp upped their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,163.27.
Check Out Our Latest Stock Analysis on TransDigm Group
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.
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