TransDigm Group Incorporated (NYSE:TDG) EVP Bernt G. Iversen II sold 8,335 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $639.84, for a total value of $5,333,066.40. Following the completion of the transaction, the executive vice president now directly owns 13,345 shares in the company, valued at approximately $8,538,664.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
TDG stock opened at $644.02 on Thursday. The company has a market cap of $34.09 billion, a P/E ratio of 46.50, a PEG ratio of 2.53 and a beta of 0.96. TransDigm Group Incorporated has a twelve month low of $341.75 and a twelve month high of $649.88. The business has a fifty day moving average of $587.74 and a 200-day moving average of $540.11.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.85 by $0.77. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.61 billion. TransDigm Group had a negative return on equity of 58.95% and a net margin of 16.06%. The firm’s quarterly revenue was up 46.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.44 earnings per share. On average, analysts predict that TransDigm Group Incorporated will post 19.85 EPS for the current year.
TDG has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a $700.00 price objective on shares of TransDigm Group in a research note on Wednesday. UBS Group boosted their price objective on TransDigm Group from $645.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Credit Suisse Group boosted their price objective on TransDigm Group from $584.00 to $623.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley dropped their target price on TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Finally, Canaccord Genuity boosted their target price on TransDigm Group from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. TransDigm Group presently has a consensus rating of “Buy” and a consensus price target of $599.42.
Several hedge funds have recently added to or reduced their stakes in TDG. Brown University bought a new stake in TransDigm Group in the fourth quarter valued at about $4,560,000. Savior LLC bought a new stake in TransDigm Group in the fourth quarter valued at about $25,000. Truewealth LLC increased its holdings in TransDigm Group by 41.8% in the fourth quarter. Truewealth LLC now owns 336 shares of the aerospace company’s stock valued at $188,000 after purchasing an additional 99 shares during the last quarter. Global Thematic Partners LLC increased its holdings in TransDigm Group by 2.5% in the fourth quarter. Global Thematic Partners LLC now owns 29,869 shares of the aerospace company’s stock valued at $16,727,000 after purchasing an additional 740 shares during the last quarter. Finally, Aurora Investment Managers LLC. bought a new stake in TransDigm Group in the fourth quarter valued at about $2,051,000. Institutional investors own 98.55% of the company’s stock.
About TransDigm Group
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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