TransDigm Group Incorporated (NYSE:TDG) CEO Sells $13,085,200.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,674,906.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

TransDigm Group Stock Performance

TDG opened at $1,294.76 on Friday. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57. The stock has a market capitalization of $72.45 billion, a PE ratio of 51.36, a P/E/G ratio of 2.25 and a beta of 1.39. The business’s 50 day moving average price is $1,284.16 and its 200 day moving average price is $1,161.62.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.39 earnings per share. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 29.99 earnings per share for the current fiscal year.

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its position in TransDigm Group by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after purchasing an additional 8 shares during the period. Team Hewins LLC raised its position in TransDigm Group by 3.0% in the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 8 shares during the period. Souders Financial Advisors raised its position in TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after purchasing an additional 8 shares during the period. Coldstream Capital Management Inc. raised its position in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 9 shares during the period. Finally, Checchi Capital Advisers LLC increased its position in shares of TransDigm Group by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TDG. Susquehanna lifted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. UBS Group lifted their price target on TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Royal Bank of Canada lifted their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley lifted their price objective on TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,371.19.

About TransDigm Group

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.