TransDigm Group Incorporated (NYSE:TDG) EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total transaction of $1,472,500.00. Following the completion of the sale, the executive vice president now directly owns 9,000 shares in the company, valued at approximately $2,650,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of TransDigm Group Incorporated (NYSE:TDG) traded up $1.35 on Wednesday, reaching $293.85. 564,500 shares of the company were exchanged, compared to its average volume of 474,510. The firm has a market capitalization of $15,340.00, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.46 and a beta of 0.62. TransDigm Group Incorporated has a fifty-two week low of $203.72 and a fifty-two week high of $296.96. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.30. The business had revenue of $923.89 million for the quarter, compared to the consensus estimate of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 earnings per share. analysts predict that TransDigm Group Incorporated will post 12.73 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Northwestern Mutual Wealth Management Co. increased its holdings in TransDigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after buying an additional 14 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in TransDigm Group by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 173,242 shares of the aerospace company’s stock worth $46,571,000 after buying an additional 7,890 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of TransDigm Group by 5.1% in the second quarter. Norinchukin Bank The now owns 3,394 shares of the aerospace company’s stock valued at $913,000 after purchasing an additional 165 shares during the last quarter. Amalgamated Bank increased its holdings in shares of TransDigm Group by 50.1% in the second quarter. Amalgamated Bank now owns 5,692 shares of the aerospace company’s stock valued at $1,530,000 after purchasing an additional 1,899 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of TransDigm Group in the second quarter valued at $205,000.

A number of brokerages have recently commented on TDG. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $322.00 to $280.00 in a research report on Wednesday, September 20th. JPMorgan Chase & Co. lowered shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Credit Suisse Group boosted their price objective on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Wolfe Research raised shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $297.17.

COPYRIGHT VIOLATION WARNING: This story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2018/01/17/transdigm-group-incorporated-tdg-evp-sells-1472500-00-in-stock.html.

About TransDigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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.

Insider Buying and Selling by Quarter for TransDigm Group (NYSE:TDG)

Receive News & Stock Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related stocks with our FREE daily email newsletter.