Insider Buying: TransDigm Group CEO Purchases $2,995,985 in Stock (TDG)
TransDigm Group (NYSE:TDG) CEO W Nicholas Howley purchased 15,920 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $188.19 per share, with a total value of $2,995,984.80. Following the completion of the acquisition, the chief executive officer now directly owns 26,735 shares in the company, valued at approximately $5,031,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TransDigm Group (NYSE:TDG) traded down 0.11% on Thursday, hitting $187.97. 201,975 shares of the company’s stock traded hands. TransDigm Group has a 1-year low of $134.48 and a 1-year high of $198.29. The stock’s 50-day moving average is $174.3 and its 200-day moving average is $178.1. The company has a market cap of $9.908 billion and a P/E ratio of 175.87.
TransDigm Group (NYSE:TDG) last released its earnings data on Tuesday, August 5th. The company reported $2.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.89 earnings per share. TransDigm Group’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that TransDigm Group will post $7.57 earnings per share 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently 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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