TransDigm Group Incorporated (NYSE:TDG) Director Michael Graff sold 2,564 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $424.36, for a total value of $1,088,059.04. Following the completion of the transaction, the director now directly owns 5,416 shares in the company, valued at $2,298,333.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NYSE:TDG opened at $432.09 on Thursday. The stock has a market capitalization of $22.68 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. TransDigm Group Incorporated has a 1 year low of $278.99 and a 1 year high of $433.47.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.66. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The business had revenue of $993.30 million for the quarter, compared to the consensus estimate of $957.66 million. During the same period in the prior year, the business earned $2.65 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Sell-side analysts predict that TransDigm Group Incorporated will post 16.1 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on TDG. Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Canaccord Genuity boosted their price objective on TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Credit Suisse Group boosted their price objective on TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. SunTrust Banks boosted their price objective on TransDigm Group to $452.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $355.00 price objective on shares of TransDigm Group in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $400.00.
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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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