TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 47,660 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $531.13, for a total transaction of $25,313,655.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:TDG traded down $2.66 during mid-day trading on Thursday, reaching $530.26. 361,900 shares of the company’s stock were exchanged, compared to its average volume of 334,913. TransDigm Group Incorporated has a one year low of $307.36 and a one year high of $555.27. The firm has a market capitalization of $28.67 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. The business’s fifty day simple moving average is $505.28 and its two-hundred day simple moving average is $468.24.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.01 by $0.94. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $3.59 EPS. The business’s quarterly revenue was up 69.1% compared to the same quarter last year. As a group, analysts expect that TransDigm Group Incorporated will post 16.92 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in TDG. FMR LLC increased its holdings in TransDigm Group by 52.7% in the 1st quarter. FMR LLC now owns 2,237,571 shares of the aerospace company’s stock valued at $1,015,836,000 after buying an additional 771,898 shares during the period. Nuveen Asset Management LLC increased its holdings in TransDigm Group by 2,139.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 550,868 shares of the aerospace company’s stock valued at $266,510,000 after buying an additional 526,267 shares during the period. JPMorgan Chase & Co. increased its holdings in TransDigm Group by 294.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 551,857 shares of the aerospace company’s stock valued at $262,728,000 after buying an additional 412,007 shares during the period. Egerton Capital UK LLP bought a new position in TransDigm Group in the 2nd quarter valued at about $192,825,000. Finally, BlackRock Inc. increased its holdings in TransDigm Group by 3.6% in the 2nd quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock valued at $1,788,870,000 after buying an additional 127,743 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Cowen reaffirmed a “buy” rating and set a $520.00 price target on shares of TransDigm Group in a research report on Tuesday, August 6th. Jefferies Financial Group raised their price target on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Barclays set a $610.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised their price target on shares of TransDigm Group from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Credit Suisse Group raised their price target on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. TransDigm Group has a consensus rating of “Buy” and an average price target of $540.42.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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