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CLEVELAND—W. Nicholas Howley, a director at TransDigm Group Inc. (NYSE:TDG), a $76.31 billion aerospace components manufacturer with impressive gross profit margins of 60%, has sold shares worth approximately $7.37 million, according to a recent SEC filing. According to InvestingPro data, the stock has gained over 10% in the past week and is currently trading near its 52-week high. The transactions, dated April 15, 2025, involved multiple sales of common stock at prices ranging from $1,331.10 to $1,354.29 per share.
In addition to the sales, Howley executed an option exercise, acquiring 5,472 shares at $140.92 each, valued at around $771,114. The shares are held by the W. Nicholas Howley Family Trust.
Following these transactions, Howley maintains ownership of 21,547.513 shares indirectly through the family trust.
In other recent news, TransDigm Group Incorporated reported its first-quarter earnings, which surpassed analyst expectations with an adjusted earnings per share of $7.83, compared to the consensus of $7.64. However, the company’s revenue of $2.01 billion fell slightly short of the $2.02 billion estimate. Despite this, TransDigm’s EBITDA As Defined increased by 16.3% to $1.06 billion, with margins expanding to 52.9%. For fiscal 2025, TransDigm reaffirmed its revenue guidance of $8.75 billion to $8.95 billion and slightly raised its adjusted EPS outlook. In a strategic move, the company repurchased 252,800 shares, amounting to approximately $316 million.
In other developments, RBC Capital Markets maintained its Outperform rating for TransDigm, with a price target of $1,550, following a meeting with the company’s management. The discussion included potential strategic acquisitions, such as Jeppesen, to expand into the aerospace software market. UBS also upgraded TransDigm’s stock from Neutral to Buy, raising the target price to $1,595, citing expectations for aftermarket growth and margin expansion. Additionally, TransDigm re-elected its board of directors and ratified Ernst & Young LLP as its auditor for fiscal year 2025, reflecting shareholder confidence in its governance and financial practices.
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