W. Nicholas Howley, Director of TransDigm Group Inc. (NYSE:TDG), recently sold a significant portion of the company’s common stock. According to a recent filing with the SEC, Howley sold approximately $7.1 million worth of stock on January 15, 2025. The shares were sold at prices ranging from $1,283.3927 to $1,307.7842 each. The transaction comes as TransDigm, now valued at $72.7 billion, trades close to its fair value according to InvestingPro analysis.
Along with the sale, Howley also exercised stock options, acquiring 5,472 shares at $140.92 each, for a total of $771,114. These transactions were conducted by the W. Nicholas Howley Family Trust, which continues to hold a substantial number of shares after the transaction.
TransDigm Group Inc., headquartered in Cleveland, Ohio, is a leading manufacturer of aircraft parts and accessories.
In other recent news, TransDigm Group reported strong earnings and revenue for its fourth quarter, beating analysts’ expectations. The company’s adjusted earnings per share for the fourth quarter were $9.83, beating analysts’ estimates of $9.29. Meanwhile, revenue came in at $2.19 billion, beating consensus estimates of $2.16 billion and posting an 18% year-over-year increase.
TransDigm also raised its outlook for fiscal 2025. The company expects adjusted EPS of $35.36 to $37.28, topping analysts’ consensus estimates of $33.49. Moreover, the company is forecasting revenue of $8.75 billion to $8.95 billion, also beating Wall Street expectations of $7.93 billion.
TransDigm anticipates continued growth in its commercial OEM, commercial aftermarket and defense end markets in fiscal 2025. The company’s EBITDA margin increased to 52.6% in the fourth quarter, up from 52% a year ago. These are recent developments that investors should pay attention to.
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