Patrick Joseph Murphy Sells 290 Shares of Transdigm Group (NYSE:TDG) Stock

Transdigm Group Incorporated (NYSE:TDG) COO Patrick Joseph Murphy sold 290 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,310.00, for a total value of $379,900.00. Following the sale, the chief operating officer directly owned 1,055 shares in the company, valued at approximately $1,382,050. This represents a 21.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Patrick Joseph Murphy also recently made the following trade(s):

• On Monday, October 27th, Patrick Joseph Murphy sold 580 shares of Transdigm Group stock. The stock was sold at an average price of $1,354.76, for a total value of $785,760.80.

Transdigm Group Trading Down 0.7%

Shares of NYSE TDG traded down $9.33 during mid-day trading on Tuesday, reaching $1,290.67. 249,601 shares of the company’s stock were exchanged, compared to its average volume of 297,255. The firm has a market capitalization of $72.73 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 3.25 and a beta of 1.02. The business has a fifty day simple moving average of $1,306.78 and a 200 day simple moving average of $1,406.68. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results 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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $9.00 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TDG shares. Susquehanna dropped their target price 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. JPMorgan Chase & Co. lifted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Zacks Research lowered Transdigm Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Jefferies Financial Group dropped their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Finally, BMO Capital Markets began coverage on Transdigm Group in a research report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price target on the stock. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in Transdigm Group in the 3rd quarter valued at $26,000. Winch Advisory Services LLC lifted its position in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 7 shares during the period. Saudi Central Bank bought a new stake in shares of Transdigm Group during the 1st quarter valued at $30,000. Bank of Jackson Hole Trust lifted its position in shares of Transdigm Group by 84.6% during the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 11 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Transdigm Group by 1,250.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 25 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

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.