A Director at Transdigm Group Inc (NYSE: TDG) is Buying Shares

By Carrie Williams

Today, a Director at Transdigm Group Inc (NYSE: TDG), Robert Small, bought shares of TDG for $24.45M.

This recent transaction increases Robert Small’s holding in the company by 30.42% to a total of $63.89 million. In addition to Robert Small, 6 other TDG executives reported Buy trades in the last month.

Based on Transdigm Group Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $814 million and quarterly net profit of $22.9 million. In comparison, last year the company earned revenue of $702 million and had a net profit of $112 million. The company has a one year high of $277.33 and a one year low of $197.48. TDG’s market cap is $12.38B and the company has a P/E ratio of 28.36.

16 different firms, including Barclays and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $294.71, reflecting a -21.4% downside. Starting in January 2017, TDG received 8 Buy ratings in a row.

In the last 30 days, insiders have sold $4.03M worth of TDG shares and purchased $24.45M worth of TDG shares. The insider sentiment on Transdigm Group Inc has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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TransDigm Group, Inc. engages in the design and supply of engineered aerospace components, systems and subsystems. It operates through the following segments: Power & Control, Airframe, and Non-Aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop, produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. The company was founded by W. Nicholas Howley and Douglas W. Peacock on July 8, 2003 and is headquartered in Cleveland, OH.