Kevin M. Stein Sells 10,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,187.08 on Friday. The firm’s 50-day moving average is $1,192.72 and its 200-day moving average is $1,046.08. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,248.39. The company has a market cap of $66.01 billion, a P/E ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm posted $4.15 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the subject of several analyst reports. Barclays upped their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada upped their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Truist Financial upped their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,163.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of TransDigm Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,988,840 shares of the aerospace company’s stock worth $6,058,311,000 after buying an additional 85,826 shares during the last quarter. Deutsche Bank AG lifted its position in TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. Capital World Investors lifted its position in TransDigm Group by 4.0% in the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after purchasing an additional 120,058 shares during the last quarter. FMR LLC lifted its position in TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after purchasing an additional 136,834 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after purchasing an additional 349,409 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.