TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein Sells 20,000 Shares

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,846,958.38. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

TransDigm Group Price Performance

Shares of NYSE:TDG traded down $1.03 on Friday, reaching $1,335.27. The company's stock had a trading volume of 224,372 shares, compared to its average volume of 253,805. The stock's 50-day moving average is $1,336.96 and its two-hundred day moving average is $1,322.04. The stock has a market capitalization of $74.89 billion, a P/E ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TransDigm Group

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Triasima Portfolio Management inc. acquired a new stake in shares of TransDigm Group during the 4th quarter valued at approximately $911,000. Chicago Capital LLC raised its holdings in TransDigm Group by 0.5% during the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after purchasing an additional 261 shares during the last quarter. CIBC Asset Management Inc increased its holdings in TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after acquiring an additional 385 shares in the last quarter. Finally, DnB Asset Management AS lifted its stake in TransDigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock valued at $31,204,000 after buying an additional 599 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of recent research reports. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday. Susquehanna lifted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

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.