TransDigm Group CFO Gregory Rufus Sells 12,500 Shares (TDG)
TransDigm Group (NYSE:TDG) CFO Gregory Rufus unloaded 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $177.38, for a total value of $2,217,250.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $1,773,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TransDigm Group (NYSE:TDG) traded up 0.59% during mid-day trading on Friday, hitting $178.36. The stock had a trading volume of 187,106 shares. TransDigm Group has a 52 week low of $134.48 and a 52 week high of $198.29. The stock has a 50-day moving average of $170.2 and a 200-day moving average of $177.1. The company has a market cap of $9.401 billion and a price-to-earnings ratio of 165.72.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, August 5th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.89 earnings per share. The company’s revenue for the quarter 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.
A number of analysts have recently weighed in on TDG shares. 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $193.00.
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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