Insider Selling: TransDigm Group Incorporated (NYSE:TDG) CEO Sells $26,592,200.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,846,958.38. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TransDigm Group Trading Down 0.1 %

Shares of NYSE TDG opened at $1,335.27 on Friday. The stock has a fifty day simple moving average of $1,337.51 and a two-hundred day simple moving average of $1,322.73. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The firm has a market cap of $74.89 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $7.16 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TDG shares. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th. Susquehanna upped their target price 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. Finally, Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,464.41.

Institutional Trading of TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Bruce G. Allen Investments LLC raised its holdings in TransDigm Group by 111.1% during 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 during the period. Capital Advisors Ltd. LLC raised its stake in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Park Square Financial Group LLC bought a new stake in shares of TransDigm Group during the fourth quarter valued at about $32,000. Finally, Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

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.