TransDigm Group Incorporated (NYSE:TDG) Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $430.45, for a total transaction of $7,353,377.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
W Nicholas Howley also recently made the following trade(s):
- On Thursday, February 7th, W Nicholas Howley sold 17,083 shares of TransDigm Group stock. The shares were sold at an average price of $418.55, for a total transaction of $7,150,089.65.
Shares of TransDigm Group stock opened at $442.58 on Friday. TransDigm Group Incorporated has a 12-month low of $291.05 and a 12-month high of $445.93. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.86 and a beta of 1.01.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.19 by $0.66. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. The company had revenue of $993.30 million during the quarter, compared to analysts’ expectations of $957.66 million. During the same period last year, the company posted $2.65 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 16.09 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. MUFG Securities EMEA plc increased its holdings in TransDigm Group by 90.4% in the fourth quarter. MUFG Securities EMEA plc now owns 2,500 shares of the aerospace company’s stock valued at $850,000 after buying an additional 1,187 shares in the last quarter. Norges Bank purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $146,363,000. Kentucky Retirement Systems purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $718,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $326,000. Finally, APG Asset Management N.V. increased its stake in shares of TransDigm Group by 9.7% during the 4th quarter. APG Asset Management N.V. now owns 298,951 shares of the aerospace company’s stock worth $88,931,000 after purchasing an additional 26,422 shares in the last quarter.
A number of brokerages recently commented on TDG. SunTrust Banks raised their price objective on shares of TransDigm Group to $452.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Credit Suisse Group raised their price objective on shares of TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Canaccord Genuity raised their price objective on shares of TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $355.00 price objective on shares of TransDigm Group in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $400.00.
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About TransDigm Group
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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