TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small Sells 3,650 Shares

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the transaction, the director now owns 15,539 shares of the company's stock, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

TransDigm Group Stock Down 2.3 %

TDG traded down $30.98 on Thursday, hitting $1,311.47. 150,357 shares of the company traded hands, compared to its average volume of 266,717. The company has a 50 day moving average of $1,304.65 and a 200-day moving average of $1,319.33. The stock has a market capitalization of $73.55 billion, a PE ratio of 46.26, a PEG ratio of 2.73 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.16 EPS. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in TransDigm Group by 8.6% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 valued at $391,918,000 after purchasing an additional 7,947 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 valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after purchasing an additional 8,655 shares in the last quarter. Finally, Swiss National Bank increased its stake in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock valued at $237,046,000 after purchasing an additional 1,400 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on TDG. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.