Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 11,500 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $608.24, for a total value of $6,994,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, August 16th, W Nicholas Howley sold 11,500 shares of TransDigm Group stock. The stock was sold at an average price of $601.55, for a total value of $6,917,825.00.
  • On Thursday, July 15th, W Nicholas Howley sold 11,500 shares of TransDigm Group stock. The stock was sold at an average price of $639.34, for a total value of $7,352,410.00.

NYSE:TDG traded up $5.45 during trading hours on Friday, reaching $610.05. The company had a trading volume of 2,515 shares, compared to its average volume of 258,926. The stock has a 50-day moving average of $620.13 and a two-hundred day moving average of $620.87. TransDigm Group Incorporated has a one year low of $453.76 and a one year high of $688.03. The firm has a market capitalization of $33.62 billion, a PE ratio of 73.46, a PEG ratio of 4.41 and a beta of 1.61.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 10th. The aerospace company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. TransDigm Group had a negative return on equity of 16.90% and a net margin of 11.78%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The business’s revenue was up 19.2% compared to the same quarter last year. As a group, equities research analysts predict that TransDigm Group Incorporated will post 9.98 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC boosted its stake in TransDigm Group by 3.1% in the second quarter. Parametric Portfolio Associates LLC now owns 288,859 shares of the aerospace company’s stock worth $186,975,000 after purchasing an additional 8,734 shares in the last quarter. Sawtooth Solutions LLC acquired a new position in TransDigm Group in the second quarter worth $249,000. B. Metzler seel. Sohn & Co. Holding AG boosted its stake in TransDigm Group by 0.4% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 18,881 shares of the aerospace company’s stock worth $12,221,000 after purchasing an additional 67 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in TransDigm Group in the second quarter worth $631,000. Finally, Morgan Stanley boosted its stake in TransDigm Group by 171.0% in the second quarter. Morgan Stanley now owns 224,775 shares of the aerospace company’s stock worth $145,497,000 after purchasing an additional 141,817 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Several research firms recently weighed in on TDG. Truist Securities boosted their target price on TransDigm Group from $590.00 to $600.00 and gave the stock a “hold” rating in a report on Wednesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $750.00 price target on shares of TransDigm Group in a research report on Wednesday, September 8th. Morgan Stanley began coverage on TransDigm Group in a research report on Monday. They issued an “overweight” rating and a $762.00 price target on the stock. Truist lifted their price target on TransDigm Group from $590.00 to $600.00 and gave the stock a “hold” rating in a research report on Wednesday, August 11th. Finally, Credit Suisse Group lifted their price target on TransDigm Group from $660.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $680.38.

TransDigm Group Company Profile

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

Further Reading: What are the Benefits of Index Funds?

Insider Buying and Selling by Quarter for TransDigm Group (NYSE:TDG)

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.