TransDigm Group Incorporated (NYSE:TDG) VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $467.38, for a total value of $4,673,800.00. Following the completion of the transaction, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $16,358,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TDG traded down $1.01 during trading hours on Friday, hitting $472.05. 7,377 shares of the company were exchanged, compared to its average volume of 297,517. The company has a market cap of $25.16 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.46 and a beta of 1.05. TransDigm Group Incorporated has a 52 week low of $307.36 and a 52 week high of $489.95.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.48. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The firm’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.79 EPS. On average, research analysts predict that TransDigm Group Incorporated will post 16.12 EPS for the current year.
A number of analysts recently commented on the company. Goldman Sachs Group assumed coverage on TransDigm Group in a research note on Monday, March 18th. They set a “buy” rating on the stock. Morgan Stanley assumed coverage on TransDigm Group in a research note on Tuesday, June 4th. They issued an “equal weight” rating and a $520.00 price target on the stock. Credit Suisse Group raised their price objective on TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price objective on the stock in a report on Tuesday, April 16th. Finally, Barclays reiterated a “buy” rating on shares of TransDigm Group in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $479.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Gilbert & Cook Inc. grew its position in TransDigm Group by 3.5% during the 4th quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 24 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in TransDigm Group by 9.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 283 shares of the aerospace company’s stock valued at $129,000 after buying an additional 24 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in TransDigm Group by 2.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after buying an additional 27 shares during the last quarter. CMC Financial Group lifted its stake in shares of TransDigm Group by 0.7% in the 1st quarter. CMC Financial Group now owns 4,013 shares of the aerospace company’s stock valued at $1,822,000 after purchasing an additional 29 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of TransDigm Group by 0.3% in the 1st quarter. Stephens Inc. AR now owns 10,548 shares of the aerospace company’s stock valued at $4,789,000 after purchasing an additional 32 shares during the period. 99.09% of the stock is owned by institutional investors and hedge funds.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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