TransDigm Group Incorporated (NYSE:TDG) Director Sean P. Hennessy Sells 4,700 Shares

TransDigm Group Incorporated (NYSE:TDG) Director Sean P. Hennessy sold 4,700 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director now directly owns 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TransDigm Group Stock Down 0.8%

Shares of TDG traded down $11.03 during mid-day trading on Tuesday, reaching $1,428.97. The company’s stock had a trading volume of 188,732 shares, compared to its average volume of 259,757. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The company has a market cap of $80.26 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The business has a fifty day moving average of $1,362.67 and a 200 day moving average of $1,325.19.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the company posted $7.99 earnings per share. TransDigm Group’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Park Avenue Securities LLC raised its holdings in TransDigm Group by 29.9% during the 4th quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company’s stock worth $1,174,000 after purchasing an additional 213 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in TransDigm Group by 45.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 720 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 226 shares during the period. Ritholtz Wealth Management boosted its stake in shares of TransDigm Group by 14.5% in the 4th quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company’s stock valued at $251,000 after purchasing an additional 25 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in shares of TransDigm Group by 17.8% during the 4th quarter. Merit Financial Group LLC now owns 583 shares of the aerospace company’s stock worth $739,000 after buying an additional 88 shares during the period. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TDG shares. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group boosted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,490.20.

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.