W Nicholas Howley Sells 17,083 Shares of TransDigm Group Incorporated (TDG) Stock

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.

TRADEMARK VIOLATION WARNING: “W Nicholas Howley Sells 17,083 Shares of TransDigm Group Incorporated (TDG) Stock” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://transcriptdaily.com/2019/03/15/w-nicholas-howley-sells-17083-shares-of-transdigm-group-incorporated-tdg-stock.html.

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.

Featured Story: What does EPS mean?

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

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply