Raymond F. Laubenthal Sells 11,900 Shares of TransDigm Group Incorporated (TDG) Stock
TransDigm Group Incorporated (NYSE:TDG) Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares in the company, valued at approximately $24,177,904.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TransDigm Group Incorporated (TDG) opened at $294.44 on Thursday. TransDigm Group Incorporated has a 1 year low of $203.72 and a 1 year high of $296.96. The stock has a market cap of $15,268.36, a price-to-earnings ratio of 37.18, a P/E/G ratio of 2.47 and a beta of 0.50. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61.
TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same period in the previous year, the business earned $3.29 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. analysts predict that TransDigm Group Incorporated will post 12.73 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in TransDigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 14 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in TransDigm Group during the fourth quarter valued at about $205,000. HighTower Advisors LLC purchased a new stake in TransDigm Group during the second quarter valued at about $201,000. Laurion Capital Management LP purchased a new stake in TransDigm Group during the second quarter valued at about $205,000. Finally, Trexquant Investment LP purchased a new stake in TransDigm Group during the third quarter valued at about $209,000.
TDG has been the topic of several research analyst reports. Credit Suisse Group upped their price target on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity decreased their price target on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Royal Bank of Canada set a $346.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, November 16th. JPMorgan Chase & Co. cut shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $297.17.
About TransDigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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