TransDigm Group CEO W Nicholas Howley Purchases 10,815 Shares (TDG)
TransDigm Group (NYSE:TDG) CEO W Nicholas Howley purchased 10,815 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $185.18 per share, with a total value of $2,002,721.70. Following the completion of the acquisition, the chief executive officer now directly owns 10,815 shares in the company, valued at approximately $2,002,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of TransDigm Group (NYSE:TDG) traded up 1.89% on Monday, hitting $188.43. The stock had a trading volume of 243,004 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 $172.6 and its 200-day moving average is $177.7. The company has a market cap of $9.932 billion and a P/E ratio of 172.84.
TransDigm Group (NYSE:TDG) last issued its quarterly 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.
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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. TransDigm Group has an average 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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