Kevin Stein Sells 700 Shares of Transdigm Group (NYSE:TDG) Stock

Transdigm Group Incorporated (NYSE:TDG) Director Kevin Stein sold 700 shares of Transdigm Group stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $1,360.00, for a total value of $952,000.00. Following the transaction, the director owned 8,158 shares in the company, valued at approximately $11,094,880. The trade was a 7.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Transdigm Group Stock Performance

Shares of Transdigm Group stock opened at $1,314.98 on Thursday. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The company has a market cap of $74.10 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 3.30 and a beta of 1.02. The business’s 50 day moving average price is $1,312.34 and its 200 day moving average price is $1,407.04.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna reduced their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. KeyCorp reduced their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. UBS Group upped their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup upped their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Transdigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

Hedge Funds Weigh In On Transdigm Group

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock valued at $10,178,995,000 after buying an additional 333,965 shares during the period. State Street Corp raised its holdings in shares of Transdigm Group by 2.5% in the 2nd quarter. State Street Corp now owns 2,343,288 shares of the aerospace company’s stock valued at $3,563,297,000 after buying an additional 56,141 shares during the period. Geode Capital Management LLC raised its holdings in shares of Transdigm Group by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,214,396 shares of the aerospace company’s stock valued at $1,837,459,000 after buying an additional 17,946 shares during the period. Norges Bank purchased a new stake in shares of Transdigm Group in the 2nd quarter valued at $1,275,035,000. Finally, Edgewood Management LLC raised its holdings in shares of Transdigm Group by 6.2% in the 2nd quarter. Edgewood Management LLC now owns 696,211 shares of the aerospace company’s stock valued at $1,058,686,000 after buying an additional 40,837 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.