TransDigm Group Inc. (TDG) Director Michael Graff Sells 3,928 Shares
TransDigm Group Inc. (NYSE:TDG) Director Michael Graff sold 3,928 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $251.33, for a total transaction of $987,224.24. Following the completion of the sale, the director now directly owns 9,580 shares in the company, valued at approximately $2,407,741.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of TransDigm Group Inc. (NYSE:TDG) traded up 0.45% during midday trading on Tuesday, reaching $252.50. 697,293 shares of the company’s stock were exchanged. The stock has a market cap of $13.47 billion, a PE ratio of 24.30 and a beta of 0.61. The company’s 50 day moving average is $271.06 and its 200-day moving average is $271.23. TransDigm Group Inc. has a 12 month low of $180.76 and a 12 month high of $294.38.
TransDigm Group (NYSE:TDG) last posted its earnings results on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.09. TransDigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. The company earned $875.20 million during the quarter, compared to the consensus estimate of $884.26 million. During the same quarter last year, the firm earned $2.83 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that TransDigm Group Inc. will post $12.30 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were issued a dividend of $24.00 per share. The ex-dividend date was Thursday, October 20th.
Several large investors have recently bought and sold shares of TDG. Fifth Third Bancorp increased its stake in TransDigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares in the last quarter. Advisory Services Network LLC increased its stake in TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock worth $185,000 after buying an additional 543 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in TransDigm Group during the first quarter worth $195,000. Tower Research Capital LLC TRC purchased a new stake in TransDigm Group during the second quarter worth $196,000. Finally, Athena Capital Advisors LLC purchased a new stake in TransDigm Group during the third quarter worth $202,000.
Several equities research analysts have issued reports on the stock. Canaccord Genuity reissued a “buy” rating and issued a $325.00 price target on shares of TransDigm Group in a report on Wednesday, September 7th. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Deutsche Bank AG upped their target price on shares of TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Barclays PLC upped their target price on shares of TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Finally, Robert W. Baird initiated coverage on shares of TransDigm Group in a report on Wednesday, October 5th. They issued an “outperform” rating and a $341.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $265.17.
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About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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