Representative Josh Gottheimer (D-New Jersey) recently sold shares of TransDigm Group Incorporated NYSE: TDG. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in TransDigm Group stock on October 17th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
- Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
- Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
- Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
- Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
- Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
- Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
- Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.
TransDigm Group Stock Up 1.7 %
NYSE:TDG traded up $22.50 during mid-day trading on Friday, hitting $1,351.89. 245,453 shares of the company traded hands, compared to its average volume of 216,738. The stock's fifty day moving average price is $1,369.27 and its 200-day moving average price is $1,315.00. The firm has a market cap of $75.85 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $935.84 and a one year high of $1,451.32.
TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $6.55 EPS. The firm's revenue was up 17.3% on a year-over-year basis. Equities analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.
TransDigm Group Increases Dividend
The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is a boost from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.
Hedge Funds Weigh In On TransDigm Group
A number of large investors have recently bought and sold shares of the business. Team Hewins LLC grew its stake in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company's stock worth $339,000 after acquiring an additional 8 shares in the last quarter. Souders Financial Advisors grew its stake in TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company's stock worth $945,000 after purchasing an additional 8 shares in the last quarter. Bennett Selby Investments LP increased its holdings in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company's stock worth $429,000 after purchasing an additional 8 shares during the period. Meeder Advisory Services Inc. raised its position in TransDigm Group by 1.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company's stock valued at $924,000 after purchasing an additional 9 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in TransDigm Group by 1.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company's stock valued at $940,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a "neutral" rating for the company. Finally, Truist Financial boosted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,461.82.
Check Out Our Latest Analysis on TransDigm Group
Insiders Place Their Bets
In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is currently owned by company insiders.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
About TransDigm Group
(
Get Free Report)
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.
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