TransDigm Group Incorporated (TDG) Director Sells $1,088,059.04 in Stock

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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.

Hedge funds have recently bought and sold shares of the stock. JOYN Advisors Inc. raised its stake in TransDigm Group by 33.3% during the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after buying an additional 33 shares during the period. Enlightenment Research LLC acquired a new position in TransDigm Group during the 4th quarter worth approximately $68,000. Ipswich Investment Management Co. Inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $82,000. Oppenheimer Asset Management Inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $88,000. Finally, First Hawaiian Bank acquired a new position in TransDigm Group during the 3rd quarter worth approximately $117,000.

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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