Insider Selling: TransDigm Group Incorporated (NYSE:TDG) CEO Sells $27,081,600.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

TransDigm Group Stock Performance

TDG stock opened at $1,315.29 on Friday. The firm has a market cap of $73.76 billion, a PE ratio of 46.39, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The firm’s fifty day moving average is $1,300.84 and its 200 day moving average is $1,317.67.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $7.16 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDG shares. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial increased their price objective on shares of 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. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup increased their price objective on shares of 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. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. lifted its holdings in TransDigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after purchasing an additional 1,553 shares in the last quarter. Keel Point LLC lifted its stake in shares of TransDigm Group by 9.9% in the fourth quarter. Keel Point LLC now owns 210 shares of the aerospace company’s stock worth $266,000 after buying an additional 19 shares in the last quarter. Darsana Capital Partners LP lifted its stake in shares of TransDigm Group by 21.2% in the fourth quarter. Darsana Capital Partners LP now owns 200,000 shares of the aerospace company’s stock worth $253,456,000 after buying an additional 35,000 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of TransDigm Group in the fourth quarter worth about $45,304,000. Finally, Gallo Partners LP purchased a new position in shares of TransDigm Group in the fourth quarter worth about $2,146,000. 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.