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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, May 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,282.78, for a total value of $3,848,340.00.

TransDigm Group Trading Up 3.1 %

Shares of TDG traded up $38.56 during mid-day trading on Tuesday, reaching $1,280.50. 218,857 shares of the stock traded hands, compared to its average volume of 223,906. The firm has a fifty day moving average price of $1,305.86 and a 200 day moving average price of $1,207.73. The company has a market cap of $71.65 billion, a price-to-earnings ratio of 50.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $5.39 EPS. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TDG shares. Barclays raised their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Morgan Stanley raised their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Bank of America raised their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, Truist Financial raised their price target on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,414.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its position in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group in the fourth quarter worth $25,000. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter worth $30,000. Oakworth Capital Inc. bought a new stake in TransDigm Group in the fourth quarter worth $26,000. Finally, Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the first quarter worth $39,000. 95.78% of the stock is currently 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.