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CLEVELAND—Nicholas Howley, a director at TransDigm Group Inc. (NYSE:TDG), a $77 billion market cap aerospace components manufacturer, executed significant stock transactions recently, according to a recent SEC filing. On March 17, Howley sold shares worth approximately $7.4 million, with prices ranging from $1,345.26 to $1,359.95 per share. According to InvestingPro data, the stock currently trades at $1,371.32, maintaining strong momentum with an 18% return over the past year.
In addition to these sales, Howley also exercised stock options, acquiring 5,472 shares at a price of $140.92 each, a transaction totaling $771,114. This activity was conducted through the W. Nicholas Howley Family Trust, reflecting ongoing adjustments in Howley’s holdings in the aerospace components manufacturer. InvestingPro analysis shows TransDigm maintains impressive gross profit margins of 60% and carries a "GREAT" financial health score.
Following these transactions, Howley’s trust holds 21,547.513 shares of TransDigm. The transactions were part of a prearranged trading plan, as indicated in the filing. TransDigm Group, based in Cleveland, specializes in the manufacturing of aircraft components and auxiliary equipment. Subscribers to InvestingPro can access the company’s comprehensive Pro Research Report, along with 12 additional ProTips and extensive financial metrics for deeper analysis.
In other recent news, TransDigm Group Inc. reported its first-quarter earnings, surpassing analyst expectations with adjusted earnings per share of $7.83, compared to the consensus of $7.64. However, revenue for the quarter, which rose 12.1% year-over-year to $2.01 billion, fell slightly short of the estimated $2.02 billion. The company reaffirmed its fiscal 2025 revenue guidance of $8.75 billion to $8.95 billion, aligning with analyst expectations. Additionally, TransDigm slightly raised its adjusted EPS outlook to a range of $35.51 to $37.43. UBS recently upgraded TransDigm’s stock rating from Neutral to Buy, increasing the price target to $1,595, based on anticipated aftermarket growth and margin expansion. The aerospace manufacturer also held its Annual Meeting of Shareholders, re-electing all ten director nominees and ratifying Ernst & Young LLP as its independent auditor for fiscal year 2025. These developments suggest a stable outlook for TransDigm, with UBS highlighting the company’s robust growth potential and financial flexibility.
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