TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,200,768.96 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Stock Down 2.3 %

TDG stock traded down $30.98 during mid-day trading on Thursday, reaching $1,311.47. 150,357 shares of the stock traded hands, compared to its average volume of 266,717. The business has a 50-day moving average of $1,304.65 and a two-hundred day moving average of $1,319.33. The firm has a market capitalization of $73.55 billion, a PE ratio of 46.26, a P/E/G ratio of 2.73 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.16 earnings per share. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TDG. Souders Financial Advisors raised its stake in shares of TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 8 shares during the last quarter. Prosperity Financial Group Inc. boosted its position in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after buying an additional 8 shares during the period. Quent Capital LLC grew its holdings in TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the period. Finally, Lindbrook Capital LLC increased its position in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after buying an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,462.35.

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.