Insider Selling: TransDigm Group Incorporated (NYSE:TDG) Director Sells 20,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director Robert J. Small sold 20,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the transaction, the director now owns 95,356 shares of the company's stock, valued at approximately $127,796,111.20. This trade represents a 17.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $4.14 during trading hours on Wednesday, hitting $1,324.01. The stock had a trading volume of 193,052 shares, compared to its average volume of 256,982. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32. The firm has a market capitalization of $74.26 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 2.76 and a beta of 1.38. The stock's fifty day simple moving average is $1,322.16 and its 200 day simple moving average is $1,327.00.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior 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. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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Wall Street Analyst Weigh In

A number of research analysts have commented on TDG shares. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,472.47.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc increased its position in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after purchasing an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock worth $391,918,000 after purchasing an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after acquiring an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. increased its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the period. 95.78% of the stock is currently owned by 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.