TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein Sells 10,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TransDigm Group Trading Up 0.2 %

NYSE:TDG opened at $1,225.70 on Thursday. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,248.39. The business’s 50-day moving average price is $1,189.68 and its two-hundred day moving average price is $1,042.37. The firm has a market capitalization of $68.16 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 2.49 and a beta of 1.42.

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

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently modified their holdings of TDG. Private Advisor Group LLC increased its holdings in shares of TransDigm Group by 23.4% in the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of TransDigm Group by 66.7% in the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after acquiring an additional 320 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of TransDigm Group by 99.1% in the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after acquiring an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TransDigm Group by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of TransDigm Group by 7.3% in the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after acquiring an additional 2,020 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TDG. Royal Bank of Canada boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Susquehanna upped their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Citigroup upped their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, KeyCorp upped their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,163.27.

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.