Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells $7,200,768.96 in Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

W Nicholas Howley also recently made the following trade(s):

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,291.58 on Friday. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The company has a market capitalization of $72.43 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The business’s fifty day moving average is $1,306.71 and its 200 day moving average is $1,319.85.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,462.35.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Personal Financial Services bought a new position in TransDigm Group in the third quarter valued at $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the third quarter valued at $29,000. Capital Advisors Ltd. LLC increased its stake in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the last quarter. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the last quarter. Institutional investors 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.