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CLEVELAND—Kevin M. Stein, the President and CEO of TransDigm Group Inc. (NYSE:TDG), recently executed a significant stock transaction, selling shares worth approximately $26.6 million. The transactions, which took place on April 14, involved the sale of common stock at prices ranging from $1,313.13 to $1,338.64 per share. The stock has since climbed to $1,360.92, showing impressive momentum with a 10.49% gain over the past week.
The sales were part of a broader transaction that included the exercise of stock options, resulting in the acquisition of 20,000 shares at a price of $195.88 each. These options, adjusted for dividends declared since August 1, 2022, were converted into common stock and subsequently sold.
Following these transactions, Stein holds 8,158 shares indirectly through the Fortuna Trust dated June 1, 2018. The sales were conducted under a pre-arranged trading plan, providing transparency and preempting any potential conflicts of interest.
TransDigm Group, headquartered in Cleveland, Ohio, is a leading global producer of highly engineered aircraft components. The company’s stock is listed on the New York Stock Exchange under the ticker symbol TDG.
In other recent news, TransDigm Group Incorporated reported first-quarter earnings with adjusted earnings per share of $7.83, surpassing analyst expectations of $7.64. However, revenue for the quarter was $2.01 billion, slightly below the estimated $2.02 billion. Despite this, the company’s EBITDA As Defined increased by 16.3% to $1.06 billion, with margins expanding to 52.9%. TransDigm reaffirmed its fiscal 2025 revenue guidance of $8.75 billion to $8.95 billion and slightly raised its adjusted EPS outlook. In analyst updates, UBS upgraded TransDigm’s stock rating to Buy and raised the price target to $1,595, citing expectations of aftermarket growth and margin expansion. Meanwhile, RBC Capital Markets maintained an Outperform rating with a price target of $1,550, highlighting potential strategic acquisitions such as Jeppesen. Furthermore, TransDigm re-elected its board of directors and ratified Ernst & Young LLP as its independent auditor for fiscal year 2025.
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