W Nicholas Howley Sells 5,472 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

W Nicholas Howley also recently made the following trade(s):

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44.

TransDigm Group Stock Down 1.6 %

Shares of NYSE TDG opened at $1,291.58 on Friday. The firm has a market cap of $72.44 billion, a P/E ratio of 45.56, a PEG ratio of 2.82 and a beta of 1.40. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The company has a 50 day moving average of $1,306.06 and a 200 day moving average of $1,319.28.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Institutional Trading of TransDigm Group

A number of institutional investors have recently made changes to their positions in TDG. Creative Planning boosted its holdings in TransDigm Group by 3.9% in the third quarter. Creative Planning now owns 5,846 shares of the aerospace company’s stock worth $8,343,000 after purchasing an additional 222 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of TransDigm Group by 159.3% in the 3rd quarter. Blue Trust Inc. now owns 293 shares of the aerospace company’s stock worth $418,000 after buying an additional 180 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of TransDigm Group by 1.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the aerospace company’s stock worth $8,971,000 after buying an additional 91 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of TransDigm Group by 22.9% in the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock worth $2,494,000 after acquiring an additional 325 shares during the period. Finally, Meadow Creek Wealth Advisors LLC increased its position in TransDigm Group by 3.7% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 783 shares of the aerospace company’s stock valued at $1,117,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TDG. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,462.35.

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.