TransDigm Group Incorporated (NYSE:TDG) CEO Sells $12,928,900.00 in Stock

TransDigm Group Incorporated (NYSE:TDGGet Free Report) CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,547,396.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $13.43 during midday trading on Wednesday, hitting $1,289.20. The stock had a trading volume of 255,281 shares, compared to its average volume of 212,950. The firm has a market cap of $72.14 billion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 2.58 and a beta of 1.39. TransDigm Group Incorporated has a fifty-two week low of $768.05 and a fifty-two week high of $1,330.82. The company’s 50-day simple moving average is $1,229.89 and its 200 day simple moving average is $1,100.67.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $5.39 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts expect that TransDigm Group Incorporated will post 29.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp upped their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Citigroup lifted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus raised their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird increased their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, UBS Group boosted their price objective on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,327.44.

View Our Latest Research Report on TDG

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group in the fourth quarter worth $25,000. ORG Partners LLC bought a new position in shares of TransDigm Group during the 1st quarter valued at about $30,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group in the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new stake in TransDigm Group during the 1st quarter worth approximately $39,000. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Company Profile

(Get Free Report)

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.

Further Reading

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

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