Robert J. Small Sells 20,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 20,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the sale, the director now owns 95,356 shares of the company’s stock, valued at approximately $127,796,111.20. This represents a 17.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TransDigm Group Price Performance

TDG opened at $1,322.09 on Wednesday. The company has a market capitalization of $74.15 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,154.20 and a 1-year high of $1,451.32. The business has a 50 day moving average price of $1,322.16 and a two-hundred day moving average price of $1,327.00.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on TDG shares. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. Capital World Investors boosted its position in shares of TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after buying an additional 155,541 shares during the period. State Street Corp grew its holdings in shares of TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after buying an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

About TransDigm Group

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.