TransDigm Group Incorporated (NYSE:TDG) Chairman Sells $9,694,773.33 in Stock

TransDigm Group Incorporated (NYSE:TDG) Chairman W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $567.51, for a total value of $9,694,773.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, November 11th, W Nicholas Howley sold 17,083 shares of TransDigm Group stock. The shares were sold at an average price of $542.62, for a total transaction of $9,269,577.46.
  • On Wednesday, October 9th, W Nicholas Howley sold 17,083 shares of TransDigm Group stock. The stock was sold at an average price of $510.04, for a total transaction of $8,713,013.32.

Shares of TDG stock opened at $569.25 on Wednesday. The firm has a 50 day moving average of $550.36 and a 200-day moving average of $514.00. The company has a market cap of $30.53 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. TransDigm Group Incorporated has a 52 week low of $311.46 and a 52 week high of $581.07.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.85 by $0.77. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.61 billion. TransDigm Group had a net margin of 16.06% and a negative return on equity of 58.95%. TransDigm Group’s quarterly revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.44 EPS. As a group, equities analysts expect that TransDigm Group Incorporated will post 19.85 EPS for the current year.

TDG has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their price target on shares of TransDigm Group from $584.00 to $623.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Berenberg Bank reiterated a “buy” rating and set a $600.00 price objective on shares of TransDigm Group in a research report on Monday, November 18th. ValuEngine downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley dropped their target price on shares of TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, Bank of America upped their price target on shares of TransDigm Group from $600.00 to $670.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $587.17.

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of TransDigm Group in the 1st quarter valued at about $47,000. Janney Montgomery Scott LLC increased its stake in TransDigm Group by 11.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,449 shares of the aerospace company’s stock valued at $701,000 after purchasing an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TransDigm Group by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,080 shares of the aerospace company’s stock worth $7,296,000 after buying an additional 241 shares during the last quarter. First Trust Advisors LP raised its holdings in TransDigm Group by 25.1% during the second quarter. First Trust Advisors LP now owns 51,542 shares of the aerospace company’s stock worth $24,936,000 after buying an additional 10,337 shares during the last quarter. Finally, Great Valley Advisor Group Inc. bought a new position in shares of TransDigm Group in the second quarter valued at $229,000. 98.95% 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 company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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

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