Robert J. Small Sells 40,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 40,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TransDigm Group Trading Down 1.0 %

Shares of TDG opened at $1,322.09 on Wednesday. TransDigm Group Incorporated has a 12-month low of $1,154.20 and a 12-month high of $1,451.32. The company has a market capitalization of $74.15 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business’s 50 day moving average is $1,322.16 and its 200 day moving average is $1,327.00.

TransDigm Group (NYSE:TDG) last released 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Souders Financial Advisors lifted its position in shares of TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after buying an additional 8 shares in the last quarter. Prosperity Financial Group Inc. increased its stake in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC boosted its position in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after acquiring an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the subject of several research reports. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.