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

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TransDigm Group Trading Down 1.0 %

Shares of TDG stock opened at $1,213.50 on Friday. TransDigm Group Incorporated has a twelve month low of $741.74 and a twelve month high of $1,248.39. The stock has a market capitalization of $67.48 billion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 2.49 and a beta of 1.42. The stock has a fifty day simple moving average of $1,191.38 and a two-hundred day simple moving average of $1,043.56.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping 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 business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business earned $4.15 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. Research analysts predict that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group in the 4th quarter worth $25,000. Oakworth Capital Inc. bought a new stake in TransDigm Group during the fourth quarter valued at about $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in TransDigm Group in the third quarter valued at about $27,000. Resurgent Financial Advisors LLC purchased a new position in TransDigm Group in the fourth quarter valued at about $30,000. Finally, Optiver Holding B.V. purchased a new position in TransDigm Group in the third quarter valued at about $35,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TDG shares. Stifel Nicolaus lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday. Susquehanna lifted their target price 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 lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. KeyCorp lifted their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,163.27.

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.