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CLEVELAND—Howley W. Nicholas, Director of TransDigm Group Inc. (NYSE:TDG), recently executed a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. On February 18, Nicholas sold shares totaling approximately $7.2 million. The shares were sold at prices ranging from $1,307.35 to $1,322.51 per share. According to InvestingPro data, the stock currently trades at $1,312.54, with analysts setting price targets between $1,250 and $1,627.
The transactions were conducted through the W. Nicholas Howley Family Trust. Following the sales, Nicholas retains ownership of 21,547.513 shares in the company. Additionally, Nicholas exercised stock options to acquire 5,472 shares at a price of $140.92 each, with a total value of approximately $771,114.
TransDigm Group Inc., based in Cleveland, specializes in aircraft parts and auxiliary equipment. The company’s stock is traded on the New York Stock Exchange under the ticker symbol TDG. With a market capitalization of $73.59 billion and impressive gross profit margins of 60%, TransDigm maintains a strong financial health rating according to InvestingPro analysis. The platform’s comprehensive research report reveals 13 additional key insights about TDG’s valuation and growth prospects.
In other recent news, TransDigm Group Inc reported its first-quarter earnings, which exceeded analyst expectations, with adjusted earnings per share reaching $7.83 compared to the anticipated $7.64. However, the company’s revenue slightly missed estimates, achieving $2.01 billion against the expected $2.02 billion. Despite this minor shortfall, revenue still rose by 12.1% year-over-year. TransDigm’s EBITDA As Defined, a crucial profitability measure, increased by 16.3% to $1.06 billion, while margins expanded to 52.9% from 51.0% the previous year. The company reaffirmed its revenue guidance for fiscal 2025, projecting between $8.75 billion and $8.95 billion, aligning with analyst expectations. Additionally, TransDigm slightly raised its adjusted EPS outlook for fiscal 2025 to a range of $35.51 to $37.43. The company repurchased 252,800 shares during the quarter, amounting to approximately $316 million. TransDigm also maintained its market growth assumptions for the year, forecasting varying growth rates across its commercial and defense segments.
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