Transdigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley Sells 2,736 Shares of Stock

Transdigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $31,117,035.84. This trade represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, May 5th, W Nicholas Howley sold 49,241 shares of Transdigm Group stock. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85.
• On Tuesday, April 15th, W Nicholas Howley sold 5,472 shares of Transdigm Group stock. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60.

Transdigm Group Stock Down 0.8%

Shares of NYSE:TDG opened at $1,413.92 on Thursday. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The stock’s 50 day moving average is $1,406.28 and its 200-day moving average is $1,346.75. The firm has a market capitalization of $79.42 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 3.04 and a beta of 1.05.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted $7.99 EPS. Transdigm Group’s quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDG. Susquehanna raised their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group increased their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Transdigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Finally, Truist Financial lowered their target price on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,505.23.

Institutional Investors Weigh In On Transdigm Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC lifted its position in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank bought a new position in shares of Transdigm Group in the first quarter valued at approximately $30,000. Capital Advisors Ltd. LLC boosted its position in shares of Transdigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in Transdigm Group during the fourth quarter worth $32,000. 95.78% of the stock is owned by institutional investors.

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.