TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley Sells 5,472 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 15th, W Nicholas Howley sold 5,472 shares of TransDigm Group stock. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,311.47 on Friday. The stock has a market cap of $73.55 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.82 and a beta of 1.40. The stock’s 50 day simple moving average is $1,304.65 and its 200-day simple moving average is $1,319.33. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.16 earnings per share. As a group, research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

Institutional Investors Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its position in TransDigm Group by 3.9% during the third quarter. Creative Planning now owns 5,846 shares of the aerospace company’s stock worth $8,343,000 after acquiring an additional 222 shares during the last quarter. Blue Trust Inc. increased its stake in TransDigm Group by 159.3% during the 3rd quarter. Blue Trust Inc. now owns 293 shares of the aerospace company’s stock worth $418,000 after buying an additional 180 shares during the period. Sequoia Financial Advisors LLC increased its stake in TransDigm Group by 1.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the aerospace company’s stock worth $8,971,000 after buying an additional 91 shares during the period. Private Advisor Group LLC grew its holdings in TransDigm Group by 22.9% during the 3rd quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock worth $2,494,000 after acquiring an additional 325 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC grew its holdings in TransDigm Group by 3.7% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 783 shares of the aerospace company’s stock worth $1,117,000 after acquiring an additional 28 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other 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.