Insider Selling: TransDigm Group Incorporated (NYSE:TDG) CEO Sells 20,000 Shares of Stock

TransDigm Group Incorporated (NYSE:TDG) CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. This represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

TransDigm Group Stock Performance

Shares of TDG stock traded up $22.97 during midday trading on Tuesday, hitting $1,360.10. 575,480 shares of the company were exchanged, compared to its average volume of 252,635. The firm has a market capitalization of $76.28 billion, a P/E ratio of 47.98, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm’s 50 day moving average price is $1,336.02 and its two-hundred day moving average price is $1,322.97.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.16 earnings per share. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased their price target on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,469.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its position in TransDigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 10 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont increased its holdings in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $32,000. Finally, Versant Capital Management Inc grew its position in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

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.