Cleveland—TransDigm Group Inc. (NYSE:TDG), the aerospace parts manufacturer with a market capitalization of $72.7 billion and an impressive gross profit margin of 59%, saw its President and CEO Kevin M. Stein recently execute a series of transactions involving the company's common stock, according to a filing with the Securities and Exchange Commission.
On January 13, Stein sold shares totaling approximately $25.3 million. The sales involved a range of prices from $1,255.14 to $1,269.50 per share. Following these transactions, Stein's holdings in the company now stand at 8,158 shares. According to InvestingPro analysis, TransDigm is currently trading above its Fair Value, with a P/E ratio of 50.5x.
Additionally, Stein acquired 20,000 shares through an exercise of stock options at a price of $195.88 per share, amounting to a total value of $3.92 million. These shares are held indirectly through the Fortuna Trust, dated June 1, 2018.
The transactions reflect Stein's ongoing management of his equity stake in the aerospace parts manufacturer, which is based in Cleveland, Ohio.
In other recent news, TransDigm Group reported robust fourth-quarter earnings and revenue, surpassing analyst expectations. The company's adjusted earnings per share stood at $9.83 for Q4, beating the anticipated $9.29, while revenue reached $2.19 billion, exceeding the projected $2.16 billion and marking an 18% increase year-over-year.
Looking ahead, TransDigm has raised its outlook for fiscal 2025, expecting an adjusted EPS of $35.36-$37.28, which surpasses the analyst consensus of $33.49. The company also anticipates revenue between $8.75-8.95 billion, outpacing Wall Street's forecast of $7.93 billion.
The firm's EBITDA margin expanded to 52.6% in Q4, an increase from 52% the previous year. TransDigm anticipates sustained growth across its commercial OEM, commercial aftermarket, and defense end markets in fiscal 2025. These developments underscore the recent performance and future expectations for TransDigm.
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