Kevin M. Stein Sells 20,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,315.29 on Friday. The stock has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The company has a 50 day moving average price of $1,300.84 and a 200 day moving average price of $1,317.67. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data 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 firm had revenue of $2.01 billion during 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 business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.16 earnings per share. On average, research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. First Personal Financial Services acquired a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont grew its holdings in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TDG shares. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial lifted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

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.