TransDigm Group Incorporated (NYSE:TDG) CEO Sells $12,161,600.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,187.08 on Friday. The company’s fifty day moving average price is $1,192.72 and its 200 day moving average price is $1,046.08. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The firm has a market capitalization of $66.01 billion, a P/E ratio of 50.39, a P/E/G ratio of 2.50 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm posted $4.15 EPS. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TDG shares. Susquehanna raised their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Truist Financial raised their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup raised their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,163.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA purchased a new position in TransDigm Group during the 4th quarter worth $25,000. Oakworth Capital Inc. purchased a new position in TransDigm Group during the 4th quarter worth $26,000. Oliver Lagore Vanvalin Investment Group grew its position in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in TransDigm Group during the 4th quarter worth $37,000. Finally, International Assets Investment Management LLC purchased a new position in TransDigm Group during the 3rd quarter worth $36,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.