Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 3,650 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the transaction, the director now directly owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TransDigm Group Trading Down 1.1 %

Shares of TDG opened at $1,299.66 on Wednesday. The company’s 50 day simple moving average is $1,301.98 and its 200-day simple moving average is $1,318.55. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The firm has a market cap of $72.88 billion, a PE ratio of 45.84, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on TDG shares. KeyCorp boosted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,462.35.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Souders Financial Advisors raised its stake in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the last quarter. Prosperity Financial Group Inc. raised its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after buying an additional 8 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after acquiring an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 8 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.