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Cleveland, OH - Robert J. Small, a director at TransDigm Group Inc. (NYSE:TDG), has sold a substantial amount of the company’s common stock, according to a recent SEC filing. On March 10, Small disposed of shares totaling approximately $26.8 million. The sale comes as TDG trades near $1,336 per share, with InvestingPro analysis indicating the stock is slightly overvalued at current levels.
The transactions involved multiple sales, with prices ranging from $1,335.615 to $1,349.21 per share. These sales were executed through Stockbridge Partners LLC and Stockbridge Fund, L.P., entities associated with Small. Following these transactions, Small continues to hold a significant number of shares in the company. InvestingPro data shows the stock has delivered a 22% return over the past year, with analysts setting price targets between $1,250 and $1,627.
TransDigm Group, headquartered in Cleveland, Ohio, is a leading manufacturer of aircraft parts and auxiliary equipment, boasting impressive gross profit margins of 60% and revenue growth of 17% over the last twelve months. The $74.8 billion market cap company’s stock is publicly traded on the New York Stock Exchange under the ticker symbol TDG. Get comprehensive analysis and 12 additional ProTips with a subscription to InvestingPro.
In other recent news, TransDigm Group Inc reported its first-quarter earnings, which exceeded analyst expectations with an adjusted earnings per share of $7.83, surpassing the forecasted $7.64. However, the company’s revenue of $2.01 billion fell slightly short of the anticipated $2.02 billion. Despite this, EBITDA, a key profitability measure, increased by 16.3% to $1.06 billion, with margins expanding to 52.9%. TransDigm reaffirmed its revenue guidance for fiscal 2025, projecting $8.75 billion to $8.95 billion, aligning with analyst expectations. In a related development, UBS upgraded TransDigm’s stock rating from Neutral to Buy, raising the price target to $1,595, citing expectations of aftermarket growth and margin expansion. Additionally, TransDigm held its Annual Meeting of Shareholders, re-electing all ten director nominees and ratifying Ernst & Young LLP as the independent auditor for fiscal year 2025. UBS’s latest report on the aerospace sector suggests steady aftermarket growth above pre-COVID levels, with a predicted 10% revenue increase by late 2025. These developments indicate a positive business sentiment and financial flexibility for TransDigm moving forward.
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