TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small Sells 20,000 Shares

TransDigm Group Incorporated (NYSE:TDG) 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) 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

The company also recently announced a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 20th will be given a dividend of $35.00 per share. The ex-dividend date of this dividend is Friday, November 17th. This is an increase from TransDigm Group’s previous special dividend of $22.00.

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.