Transdigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $31,117,035.84. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
W Nicholas Howley also recently made the following trade(s):
- On Monday, May 5th, W Nicholas Howley sold 49,241 shares of Transdigm Group stock. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85.
- On Tuesday, April 15th, W Nicholas Howley sold 5,472 shares of Transdigm Group stock. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60.
Transdigm Group Price Performance
Transdigm Group stock opened at $1,413.92 on Thursday. The firm has a market capitalization of $79.42 billion, a P/E ratio of 47.74, a PEG ratio of 3.04 and a beta of 1.05. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The business has a fifty day moving average price of $1,406.28 and a 200-day moving average price of $1,346.75.
Transdigm Group (NYSE:TDG - Get Free Report) 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. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.99 EPS. Sell-side analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
TDG has been the subject of a number of recent analyst reports. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial reduced 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 report on Thursday, April 17th. Susquehanna upped their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,505.23.
View Our Latest Stock Report on TDG
Hedge Funds Weigh In On Transdigm Group
Large investors have recently modified their holdings of the company. Paragon Advisors LLC lifted its stake in Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after purchasing an additional 224 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in shares of Transdigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after purchasing an additional 1,553 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Transdigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after purchasing an additional 385 shares during the period. DnB Asset Management AS raised its position in shares of Transdigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after buying an additional 599 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Transdigm Group by 3.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company's stock valued at $32,409,000 after buying an additional 846 shares during the period. 95.78% of the stock is currently owned by institutional investors.
Transdigm Group Company Profile
(
Get Free Report)
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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