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

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $11,046,584.64. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TransDigm Group Trading Down 1.5 %

TDG stock traded down $20.67 during trading on Monday, reaching $1,315.29. The stock had a trading volume of 350,656 shares, compared to its average volume of 248,920. The stock's 50 day moving average is $1,300.84 and its two-hundred day moving average is $1,318.21. The firm has a market cap of $73.76 billion, a PE ratio of 46.39, a PEG ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 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 EPS for the quarter, topping analysts' consensus estimates 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 business 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 business's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Souders Financial Advisors grew its position in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock worth $1,137,000 after buying an additional 8 shares in the last quarter. Prosperity Financial Group Inc. grew its holdings in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after acquiring an additional 8 shares in the last quarter. Resonant Capital Advisors LLC increased its position in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC raised its holdings in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares during the period. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,462.35.

TransDigm Group Company Profile

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.