TransDigm Group EVP Bernt G. Iversen II Unloads 6,350 Shares (TDG)
TransDigm Group (NYSE:TDG) EVP Bernt G. Iversen II sold 6,350 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.78, for a total value of $1,103,503.00. Following the completion of the sale, the executive vice president now directly owns 5,010 shares of the company’s stock, valued at approximately $870,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group in a research note on Friday, August 8th. They now have a $183.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of TransDigm Group from $170.00 to $187.00 in a research note on Wednesday, August 6th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $170.00 to $180.00 in a research note on Wednesday, August 6th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $193.00.
Shares of TransDigm Group (NYSE:TDG) traded up 1.02% on Wednesday, hitting $175.49. The stock had a trading volume of 136,551 shares. TransDigm Group has a one year low of $134.48 and a one year high of $198.29. The stock has a 50-day moving average of $169.7 and a 200-day moving average of $177.. The company has a market cap of $9.250 billion and a price-to-earnings ratio of 162.35.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, August 5th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.04. The company had revenue of $610.60 million for the quarter, compared to the consensus estimate of $612.33 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts expect that TransDigm Group will post $7.57 EPS for the current fiscal year.
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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