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

Transdigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. This trade represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, July 21st, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,597.86, for a total transaction of $4,793,580.00.
• On Friday, June 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00.

Transdigm Group Stock Up 1.0%

Shares of NYSE:TDG opened at $1,406.9420 on Friday. The firm’s 50 day moving average price is $1,498.97 and its 200-day moving average price is $1,414.83. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The stock has a market capitalization of $79.28 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $9.00 EPS. Transdigm Group’s revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $90.00 dividend. This is a boost from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date is Tuesday, September 2nd.

Analyst Ratings Changes

A number of research firms have commented on TDG. Truist Financial raised their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. UBS Group increased their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,624.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TDG. Vontobel Holding Ltd. purchased a new position in Transdigm Group during the first quarter worth $387,000. Dynamic Advisor Solutions LLC purchased a new position in Transdigm Group during the first quarter worth $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock worth $11,970,000 after buying an additional 380 shares during the period. Mutual Advisors LLC purchased a new position in Transdigm Group during the first quarter worth $263,000. Finally, Paragon Advisors LLC boosted its stake in Transdigm Group by 14.2% during the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock worth $2,490,000 after buying an additional 224 shares during the period. 95.78% of the stock is owned by hedge funds and other 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.