TransDigm Group Incorporated (NYSE:TDG) Director John Staer sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $464.67, for a total transaction of $1,161,675.00. Following the sale, the director now owns 1,691 shares of the company’s stock, valued at $785,756.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TDG opened at $448.67 on Tuesday. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.40 and a beta of 1.01. TransDigm Group Incorporated has a 1-year low of $307.36 and a 1-year high of $489.95.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.48. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The company’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.79 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 16.12 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its position in shares of TransDigm Group by 3.5% in the fourth quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock worth $243,000 after purchasing an additional 24 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of TransDigm Group by 9.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 283 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 24 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of TransDigm Group by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 27 shares during the period. CMC Financial Group boosted its position in shares of TransDigm Group by 0.7% in the first quarter. CMC Financial Group now owns 4,013 shares of the aerospace company’s stock worth $1,822,000 after purchasing an additional 29 shares during the period. Finally, Stephens Inc. AR boosted its position in shares of TransDigm Group by 0.3% in the first quarter. Stephens Inc. AR now owns 10,548 shares of the aerospace company’s stock worth $4,789,000 after purchasing an additional 32 shares during the period.

Several brokerages recently issued reports on TDG. Credit Suisse Group boosted their target price on shares of TransDigm Group from $476.00 to $539.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Longbow Research began coverage on shares of TransDigm Group in a research report on Tuesday, April 9th. They set a “neutral” rating for the company. Cowen restated a “buy” rating and set a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research report on Monday, March 25th. Canaccord Genuity restated a “buy” rating and set a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $454.64.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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

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