TransDigm Group INC (NYSE:TDG) Director Michele Santana has recently completed a series of stock transactions, according to the latest SEC filings. Over the reporting period, Santana engaged in both purchases and sales of the company's common stock, with notable transactions including the sale of shares at prices reaching as high as $1,112.2191.
The transactions reported include a series of acquisitions where Santana purchased shares at prices ranging from $432.1927 to $668.8809, totaling approximately $7,926. Additional purchases were made at individual prices of $328.5256, $616.4633, $619.5446, $684.6354, and $692.9008, with respective total values of $328, $616, $619, $6,846, and $692.
On the selling side, Santana disposed of shares at individual prices of $506.263, $510.6185, $650.7188, $681.1003, $764.2975, $751.9448, $800.2798, $889.3841, and $1,000.5483. These sales had total values of $506, $510, $650, $681, $764, $751, $800, $889, and $1,000, respectively. The most significant sale was a transaction at a price of $1,112.2191, totaling $1,112.
Investors tracking insider activity may find these transactions of interest as they represent changes in ownership by a key member of TransDigm's board. The company, which operates in the aerospace industry, specializes in the manufacturing of aircraft parts and auxiliary equipment.
It's important for investors to note that the reported transactions do not necessarily indicate a change in the director's view of the company's potential but are a normal part of managing personal investment portfolios. These filings provide transparency and ensure that corporate insiders report their trades in a timely manner.
For those interested in the specifics of Santana's transactions, the stock ticker for TransDigm Group INC is listed on the New York Stock Exchange as NYSE:TDG.
InvestingPro Insights
As investors consider the implications of Director Michele Santana's recent stock transactions in TransDigm Group INC (NYSE:TDG), it's beneficial to look at the company's performance through a broader lens. Here are some key metrics and insights from InvestingPro that may shed light on the current state and potential future of TransDigm's stock.
With a robust Market Cap of $73.59 billion USD, TransDigm showcases its significant presence in the aerospace sector. The company's Gross Profit Margin over the last twelve months as of Q2 2024 stands at an impressive 59.06%, reinforcing the InvestingPro Tip that highlights TransDigm's impressive gross profit margins. This figure suggests a strong ability to manage production costs and maximize profitability from sales, a key consideration for investors.
TransDigm's stock is currently trading at a high P/E Ratio of 52.19, which may be indicative of market optimism regarding the company's future growth prospects or perceived as a premium for quality, as per another InvestingPro Tip. However, this also implies that the stock is trading at a high earnings multiple, which could be a point of caution for value-focused investors.
From a returns perspective, the company has experienced a 1 Year Price Total Return of 68.78%, signaling a strong performance over the past year. This aligns with the InvestingPro Tip highlighting the high return over the last year and adds to the narrative of a potentially positive outlook for the company's stock.
For those looking to delve deeper into TransDigm's financials and stock performance, InvestingPro offers additional insights and metrics. There are 16 more InvestingPro Tips available for TDG, which can be accessed by visiting the dedicated page at: https://www.investing.com/pro/TDG. To enhance your investing strategy with these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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