Robert J. Small Sells 40,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TransDigm Group Stock Up 0.3 %

Shares of TDG traded up $4.14 on Wednesday, hitting $1,324.01. 193,052 shares of the stock traded hands, compared to its average volume of 256,982. The firm has a market capitalization of $74.26 billion, a P/E ratio of 46.79, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,163.82 and a 1 year high of $1,451.32. The stock's 50 day moving average is $1,322.16 and its two-hundred day moving average is $1,327.00.

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

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Institutional Trading of TransDigm Group

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of 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 acquiring an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TransDigm Group by 3.0% in the third 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 buying an additional 7,947 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial lifted 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. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. 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 report on Monday, February 24th. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,472.47.

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.