Insider Selling: TransDigm Group VP Unloads 2,500 Shares of Stock (TDG)
TransDigm Group (NYSE:TDG) VP Robert S. Henderson unloaded 2,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $169.75, for a total value of $424,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TDG shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TransDigm Group in a research note on Tuesday. They now have a $190.00 price target on the stock, down previously from $200.00. Separately, analysts at RBC Capital cut their price target on shares of TransDigm Group from $188.00 to $170.00 in a research note on Tuesday, June 10th. They now have a “sector perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group in a research note on Thursday, May 22nd. They now have a $194.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of “Buy” and an average price target of $186.71.
TransDigm Group (NYSE:TDG) traded up 1.07% during mid-day trading on Wednesday, hitting $170.995. The stock had a trading volume of 325,307 shares. TransDigm Group has a 52-week low of $134.48 and a 52-week high of $198.29. The stock’s 50-day moving average is $183.7 and its 200-day moving average is $174.. The company has a market cap of $9.050 billion and a P/E ratio of 49.05.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.92 by $0.05. The company had revenue of $590.80 million for the quarter, compared to the consensus estimate of $585.54 million. During the same quarter last year, the company posted $1.74 earnings per share. TransDigm Group’s revenue was up 26.9% compared to the same quarter last year. Analysts expect that TransDigm Group will post $7.63 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Thursday, June 26th. Shareholders of record on Monday, June 16th will be given a dividend of $25.00 per share. The ex-dividend date of this dividend is Thursday, June 12th.
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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