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 that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00.
• On Tuesday, January 21st, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00.

TransDigm Group Stock Performance

TDG stock traded down $16.57 during mid-day trading on Friday, reaching $1,344.17. The company had a trading volume of 535,909 shares, compared to its average volume of 232,709. The firm has a fifty day simple moving average of $1,333.54 and a 200 day simple moving average of $1,327.55. The company has a market capitalization of $75.39 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $7.16 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pathstone Holdings LLC lifted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company’s stock worth $9,824,000 after buying an additional 60 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $207,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in TransDigm Group during the third quarter worth approximately $1,043,000. PNC Financial Services Group Inc. boosted its holdings in TransDigm Group by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company’s stock valued at $42,645,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in TransDigm Group by 10.5% in the third quarter. Moors & Cabot Inc. now owns 263 shares of the aerospace company’s stock valued at $375,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Company Profile

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.