TransDigm Group Incorporated (NYSE:TDG) CEO Sells $12,161,600.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TransDigm Group Stock Down 0.0 %

TDG traded down $0.57 during trading on Wednesday, hitting $1,222.58. 89,597 shares of the company traded hands, compared to its average volume of 206,643. The firm has a market cap of $67.98 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 2.46 and a beta of 1.42. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39. The stock’s fifty day moving average is $1,188.11 and its 200 day moving average is $1,041.08.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $4.15 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities research analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on TDG shares. The Goldman Sachs Group boosted their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Truist Financial lifted their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. KeyCorp lifted their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,153.27.

Institutional Investors Weigh In On TransDigm Group

Institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake in TransDigm Group by 47.6% in the first quarter. Pinnacle Bancorp Inc. now owns 183 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 59 shares in the last quarter. Chesley Taft & Associates LLC purchased a new position in shares of TransDigm Group during the first quarter worth approximately $1,984,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of TransDigm Group by 10.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,331 shares of the aerospace company’s stock worth $4,102,000 after acquiring an additional 315 shares in the last quarter. Von Berge Wealth Management Group LLC purchased a new position in shares of TransDigm Group during the first quarter worth approximately $216,000. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of TransDigm Group by 25.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,133 shares of the aerospace company’s stock worth $1,395,000 after acquiring an additional 231 shares in the last quarter. 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.