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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Performance

TDG stock opened at $1,187.08 on Friday. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The business’s 50-day moving average is $1,192.72 and its two-hundred day moving average is $1,046.08. The company has a market cap of $66.01 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 2.50 and a beta of 1.42.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on TDG shares. Barclays boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Royal Bank of Canada boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Citigroup boosted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Susquehanna upped their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,163.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group in the fourth quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group in the fourth quarter worth about $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in TransDigm Group in the third quarter worth about $27,000. Resurgent Financial Advisors LLC purchased a new stake in TransDigm Group in the fourth quarter worth about $30,000. Finally, Optiver Holding B.V. purchased a new stake in TransDigm Group in the third quarter worth about $35,000. Institutional investors own 95.78% of the company’s stock.

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.