TransDigm Group Incorporated (NYSE:TDG - Get Free Report) CFO Sarah Wynne sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer now owns 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
TransDigm Group Trading Up 0.5%
NYSE:TDG opened at $1,436.36 on Friday. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The firm has a fifty day simple moving average of $1,394.11 and a 200-day simple moving average of $1,342.01. The company has a market capitalization of $80.68 billion, a P/E ratio of 50.67, a PEG ratio of 2.76 and a beta of 1.05.
TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 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 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.99 earnings per share. Equities analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of TransDigm Group during the first quarter worth about $80,476,000. Advisors Capital Management LLC acquired a new position in TransDigm Group during the first quarter worth about $271,000. Iron Gate Global Advisors LLC acquired a new position in TransDigm Group during the first quarter worth about $216,000. WBI Investments LLC acquired a new position in TransDigm Group during the first quarter worth about $1,569,000. Finally, Acadian Asset Management LLC boosted its position in TransDigm Group by 92.3% during the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company's stock worth $376,000 after acquiring an additional 131 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on TDG shares. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Truist Financial lowered their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group raised their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,505.23.
View Our Latest Report on TDG
TransDigm Group Company Profile
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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.
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