Insider Selling: TransDigm Group VP Sells 2,500 Shares of Stock (TDG)
TransDigm Group (NYSE:TDG) VP Robert S. Henderson sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $177.62, for a total value of $444,050.00. Following the transaction, the vice president now directly owns 8,500 shares of the company’s stock, valued at approximately $1,509,770. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of TransDigm Group (NYSE:TDG) traded up 0.95% on Monday, hitting $180.17. The stock had a trading volume of 234,853 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 $170.9 and a 200-day moving average of $177.4. The company has a market cap of $9.497 billion and a P/E ratio of 166.80.
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. On average, analysts predict that TransDigm Group will post $7.57 earnings per share for the current fiscal year.
TDG has been the subject of a number of recent research reports. 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 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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