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

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

TransDigm Group Price Performance

NYSE TDG opened at $964.36 on Tuesday. TransDigm Group Incorporated has a 1-year low of $599.42 and a 1-year high of $1,013.08. The business’s 50-day simple moving average is $871.28 and its 200-day simple moving average is $858.95. The firm has a market capitalization of $53.34 billion, a P/E ratio of 43.79, a P/E/G ratio of 1.63 and a beta of 1.38.

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

TransDigm Group Increases Dividend

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

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently added to or reduced their stakes in TDG. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of TransDigm Group in the 3rd quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new position in shares of TransDigm Group during the first quarter worth approximately $28,000. West Tower Group LLC bought a new position in TransDigm Group in the 2nd quarter worth approximately $29,000. Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group in the 4th quarter valued at approximately $30,000. Finally, Optiver Holding B.V. bought a new stake in TransDigm Group during the 3rd quarter valued at $35,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TDG shares. Truist Financial reiterated a “buy” rating and set a $1,044.00 price target on shares of TransDigm Group in a research note on Friday, October 20th. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Royal Bank of Canada boosted their price target on TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Finally, Alembic Global Advisors downgraded shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price 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.