Robert J. Small Sells 40,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TransDigm Group Stock Down 1.0 %

Shares of NYSE TDG opened at $1,322.09 on Wednesday. TransDigm Group Incorporated has a twelve month low of $1,154.20 and a twelve month high of $1,451.32. The business has a fifty day simple moving average of $1,322.16 and a two-hundred day simple moving average of $1,327.00. The firm has a market cap of $74.15 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $7.16 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDG shares. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. 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 price target 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, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. Souders Financial Advisors boosted its position in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. boosted its position in TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after purchasing an additional 8 shares during the last quarter. Quent Capital LLC grew its stake in 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 purchasing an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.