Joel Reiss Sells 3,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Joel Reiss also recently made the following trade(s):

• On Friday, March 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00.
• On Thursday, February 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00.

TransDigm Group Stock Down 1.0 %

Shares of TransDigm Group stock opened at $1,213.50 on Friday. The firm has a market cap of $67.48 billion, a P/E ratio of 51.51, a P/E/G ratio of 2.49 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The business has a 50-day moving average price of $1,191.38 and a 200 day moving average price of $1,043.56.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.15 earnings per share. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TDG. Susquehanna boosted their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Citigroup boosted their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,163.27.

Hedge Funds Weigh In On TransDigm Group

Institutional investors have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $26,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of TransDigm Group during the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $30,000. Finally, Optiver Holding B.V. bought a new position in shares of TransDigm Group during the third quarter valued at approximately $35,000. 95.78% of the stock is owned by institutional investors.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.