TransDigm Group Incorporated (NYSE:TDG – Get Free Report) Director Robert J. Small sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $988.76, for a total transaction of $19,775,200.00. Following the sale, the director now directly owns 187,870 shares of the company’s stock, valued at approximately $185,758,341.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TransDigm Group Stock Performance
Shares of TransDigm Group stock traded up $6.73 on Monday, hitting $964.36. The stock had a trading volume of 259,983 shares, compared to its average volume of 274,910. The firm has a market capitalization of $53.34 billion, a P/E ratio of 43.82, a PEG ratio of 1.63 and a beta of 1.38. The stock has a 50 day moving average of $869.55 and a 200 day moving average of $857.51. TransDigm Group Incorporated has a twelve month low of $599.42 and a twelve month high of $1,013.08.
TransDigm Group (NYSE:TDG – Get Free Report) last released its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.74 EPS. Equities analysts expect that TransDigm Group Incorporated will post 28.71 earnings per share for the current year.
TransDigm Group Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of TransDigm Group from $960.00 to $1,013.00 in a research report on Wednesday, August 9th. Royal Bank of Canada boosted their target price on TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Citigroup boosted their target price on TransDigm Group from $1,042.00 to $1,114.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. UBS Group initiated coverage on TransDigm Group in a research note on Tuesday, October 10th. They set a “neutral” rating and a $950.00 target price for the company. Finally, Barclays boosted their target price on TransDigm Group from $930.00 to $1,040.00 and gave the stock an “overweight” rating in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $997.54.
Institutional Trading of TransDigm Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. bought a new position in shares of TransDigm Group during the 1st quarter worth approximately $28,000. West Tower Group LLC bought a new position in shares of TransDigm Group during the 2nd quarter worth approximately $29,000. Resurgent Financial Advisors LLC bought a new position in shares of TransDigm Group during the 4th quarter worth approximately $30,000. Finally, Optiver Holding B.V. bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 95.78% of the company’s stock.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.
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