TransDigm Group Incorporated (NYSE:TDG) CFO Sarah Wynne Sells 1,800 Shares

TransDigm Group Incorporated (NYSE:TDG) CFO Sarah Wynne sold 1,800 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the transaction, the chief financial officer now owns 3,400 shares in the company, valued at $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sarah Wynne also recently made the following trade(s):

• On Thursday, June 12th, Sarah Wynne sold 3,200 shares of TransDigm Group stock. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00.

TransDigm Group Stock Up 0.1%

Shares of TDG opened at $1,437.60 on Friday. The company has a 50-day simple moving average of $1,398.26 and a 200-day simple moving average of $1,343.22. The company has a market capitalization of $80.75 billion, a PE ratio of 50.71, a P/E/G ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $7.99 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

TDG has been the topic of a number of research analyst reports. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. UBS Group boosted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Susquehanna boosted their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company boosted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,505.23.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. increased its holdings in TransDigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after acquiring an additional 1,553 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of TransDigm Group by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after buying an additional 385 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of TransDigm Group by 2.5% during the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock worth $31,204,000 after buying an additional 599 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TransDigm Group by 3.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock worth $32,409,000 after buying an additional 846 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in shares of TransDigm Group by 0.9% during the first quarter. Douglas Lane & Associates LLC now owns 82,624 shares of the aerospace company’s stock worth $114,293,000 after buying an additional 757 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.