Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 5,472 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,010,072.40. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 18th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96.
• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Stock Up 1.7 %

TransDigm Group stock traded up $22.97 on Tuesday, hitting $1,360.10. The company’s stock had a trading volume of 575,480 shares, compared to its average volume of 252,635. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The firm has a market cap of $76.28 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The company has a fifty day moving average price of $1,336.02 and a 200-day moving average price of $1,322.97.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for 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 for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.16 earnings per share. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,469.83.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently modified their holdings of the stock. Net Worth Advisory Group grew its position in TransDigm Group by 93.7% in the first quarter. Net Worth Advisory Group now owns 459 shares of the aerospace company’s stock valued at $635,000 after acquiring an additional 222 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of TransDigm Group by 79.5% in the 1st quarter. Simon Quick Advisors LLC now owns 499 shares of the aerospace company’s stock worth $690,000 after purchasing an additional 221 shares during the last quarter. CX Institutional increased its position in shares of TransDigm Group by 21.7% during the 1st quarter. CX Institutional now owns 213 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 38 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in TransDigm Group by 2.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,035 shares of the aerospace company’s stock valued at $1,432,000 after purchasing an additional 27 shares during the last quarter. Finally, Moseley Investment Management Inc. boosted its position in TransDigm Group by 9.6% in the first quarter. Moseley Investment Management Inc. now owns 274 shares of the aerospace company’s stock valued at $379,000 after buying an additional 24 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.