Insider Selling: TransDigm Group Incorporated (NYSE:TDG) CEO Sells 10,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TransDigm Group Trading Down 0.0 %

Shares of TransDigm Group stock traded down $0.57 during trading on Wednesday, reaching $1,222.58. The company’s stock had a trading volume of 89,597 shares, compared to its average volume of 206,643. The company has a 50-day moving average price of $1,188.11 and a two-hundred day moving average price of $1,041.08. The firm has a market cap of $67.98 billion, a PE ratio of 51.92, a P/E/G ratio of 2.46 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.15 EPS. On average, analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. KeyCorp raised their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Citigroup raised 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 report on Thursday, April 4th. The Goldman Sachs Group lifted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna lifted their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,153.27.

Institutional Investors Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its position in TransDigm Group by 47.6% during the first quarter. Pinnacle Bancorp Inc. now owns 183 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 59 shares during the last quarter. Chesley Taft & Associates LLC acquired a new stake in TransDigm Group during the first quarter worth approximately $1,984,000. Wealth Enhancement Advisory Services LLC boosted its position in 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 during the last quarter. Von Berge Wealth Management Group LLC acquired a new stake in TransDigm Group during the first quarter worth approximately $216,000. Finally, Dynamic Advisor Solutions LLC raised its stake in 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 purchasing an additional 231 shares during the period. 95.78% of the stock is currently 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.