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

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

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

TransDigm Group Stock Up 0.2 %

Shares of TransDigm Group stock opened at $1,225.70 on Thursday. The business has a fifty day simple moving average of $1,189.68 and a 200-day simple moving average of $1,042.37. The firm has a market cap of $68.16 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth 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.

TransDigm Group (NYSE:TDG) last issued its quarterly 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 net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $4.15 EPS. TransDigm Group’s revenue was up 28.1% on a year-over-year basis. Analysts anticipate that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. KeyCorp raised their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Truist Financial lifted their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. The Goldman Sachs Group increased their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,163.27.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC raised its position in shares of TransDigm Group by 4.5% during the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after purchasing an additional 114 shares during the period. Pacer Advisors Inc. raised its holdings in TransDigm Group by 26.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after buying an additional 1,188 shares during the period. Sequoia Financial Advisors LLC raised its holdings in TransDigm Group by 14.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after buying an additional 962 shares during the period. Chicago Capital LLC lifted its stake in TransDigm Group by 3.3% during the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock valued at $48,877,000 after buying an additional 1,523 shares in the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of TransDigm Group in the fourth quarter worth about $948,000. Institutional investors own 95.78% of the company’s stock.

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.