TransDigm Group Incorporated (NYSE:TDG) CEO Sells $5,138,892.00 in Stock

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TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 9,900 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $519.08, for a total transaction of $5,138,892.00. Following the transaction, the chief executive officer now owns 11,247 shares of the company’s stock, valued at $5,838,092.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of TransDigm Group stock opened at $530.38 on Thursday. The firm has a market capitalization of $28.06 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.44 and a beta of 0.96. The company’s fifty day moving average price is $522.33 and its two-hundred day moving average price is $480.77. TransDigm Group Incorporated has a 52-week low of $307.36 and a 52-week high of $555.27.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.01 by $0.94. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business’s revenue for the quarter was up 69.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.59 EPS. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 16.92 EPS for the current year.

The firm also recently declared a dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $30.00 dividend. The ex-dividend date of this dividend was Thursday, August 15th.

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its holdings in shares of TransDigm Group by 2.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 27 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of TransDigm Group by 65.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 29 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of TransDigm Group by 2.4% in the 2nd quarter. Raymond James Trust N.A. now owns 1,679 shares of the aerospace company’s stock worth $812,000 after purchasing an additional 40 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of TransDigm Group by 6.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 662 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 40 shares during the last quarter. Finally, Hartford Investment Management Co. grew its holdings in shares of TransDigm Group by 0.8% in the 2nd quarter. Hartford Investment Management Co. now owns 5,358 shares of the aerospace company’s stock worth $2,592,000 after purchasing an additional 43 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on TDG. Berenberg Bank set a $540.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a research note on Thursday, June 13th. Credit Suisse Group upped their target price on shares of TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Jefferies Financial Group upped their target price on shares of TransDigm Group from $480.00 to $550.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Barclays set a $610.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, SunTrust Banks upped their target price on shares of TransDigm Group to $560.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $546.25.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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