TransDigm Group COO Sells $343,707 in Stock (TDG)
TransDigm Group (NYSE:TDG) COO Raymond F. Laubenthal sold 1,950 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $176.26, for a total value of $343,707.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of TransDigm Group (NYSE:TDG) traded up 0.39% during mid-day trading on Wednesday, hitting $176.58. The stock had a trading volume of 267,004 shares. TransDigm Group has a 1-year low of $134.48 and a 1-year high of $178.38. The stock’s 50-day moving average is $169.7 and its 200-day moving average is $151.. The company has a market cap of $9.318 billion and a P/E ratio of 55.21.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, February 4th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.10. The company had revenue of $529.30 million for the quarter, compared to the consensus estimate of $503.25 million. During the same quarter last year, the company posted $1.51 earnings per share. TransDigm Group’s revenue was up 23.0% compared to the same quarter last year. Analysts expect that TransDigm Group will post $7.66 EPS for the current fiscal year.
A number of analysts have recently weighed in on TDG shares. Analysts at CRT Capital raised their price target on shares of TransDigm Group from $163.00 to $186.00 in a research note on Friday, February 7th. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of TransDigm Group to an “overweight” rating in a research note on Wednesday, February 5th. They now have a $185.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of TransDigm Group from $165.00 to $179.00 in a research note on Wednesday, February 5th. They now have a “sector perform” rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TransDigm Group has an average rating of “Buy” and an average target price of $178.64.
TransDigm Group Incorporated (NYSE:TDG) is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service.
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