Transdigm Group Incorporated (NYSE:TDG) CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Transdigm Group Incorporated (TDG) traded up $3.25 on Friday, reaching $268.40. 467,800 shares of the company’s stock traded hands, compared to its average volume of 816,058. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of -3.86. The company has a market cap of $13,950.00, a PE ratio of 22.26, a P/E/G ratio of 2.20 and a beta of 0.63. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.
Transdigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The business had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 EPS. research analysts forecast that Transdigm Group Incorporated will post 12.69 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of the company. LS Investment Advisors LLC lifted its stake in shares of Transdigm Group by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock worth $608,000 after purchasing an additional 6 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 14 shares during the period. Profund Advisors LLC lifted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock worth $359,000 after purchasing an additional 15 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock worth $497,000 after purchasing an additional 20 shares during the period. Finally, Sentry Investment Management LLC lifted its stake in shares of Transdigm Group by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock worth $990,000 after purchasing an additional 40 shares during the period.
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $346.00 target price on shares of Transdigm Group and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Transdigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks, Inc. reissued a “buy” rating and set a $307.00 price objective on shares of Transdigm Group in a research report on Friday, November 10th. Credit Suisse Group increased their price objective on shares of Transdigm Group from $294.54 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Wolfe Research raised shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $296.87.
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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