Robert J. Small Sells 20,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) Director Robert J. Small sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $988.76, for a total value of $19,775,200.00. Following the sale, the director now directly owns 187,870 shares of the company’s stock, valued at approximately $185,758,341.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

TransDigm Group Stock Up 0.7 %

TransDigm Group stock opened at $964.36 on Tuesday. The company has a market cap of $53.34 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $599.42 and a twelve month high of $1,013.08. The company’s 50-day moving average price is $871.28 and its 200-day moving average price is $858.95.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. TransDigm Group’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.74 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 28.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 20th will be paid a $35.00 dividend. The ex-dividend date is Friday, November 17th. This is a boost from TransDigm Group’s previous special dividend of $22.00.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Kayne Anderson Rudnick Investment Management LLC purchased a new position in TransDigm Group in the third quarter valued at $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $28,000. West Tower Group LLC acquired a new position in TransDigm Group during the second quarter worth $29,000. Resurgent Financial Advisors LLC purchased a new position in shares of TransDigm Group during the 4th quarter worth $30,000. Finally, Optiver Holding B.V. acquired a new position in shares of TransDigm Group during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TDG. Bank of America raised their target price on shares of TransDigm Group from $980.00 to $1,000.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Citigroup raised their price objective on TransDigm Group from $1,042.00 to $1,114.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. UBS Group began coverage on TransDigm Group in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on TransDigm Group in a research note on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 price objective for the company. Finally, Alembic Global Advisors cut TransDigm Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $997.54.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.