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 stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,046,300. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 16th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00.

TransDigm Group Trading Up 1.3 %

NYSE TDG opened at $1,402.59 on Friday. The stock has a market cap of $78.70 billion, a PE ratio of 51.89, a P/E/G ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32. The stock has a fifty day simple moving average of $1,353.52 and a 200-day simple moving average of $1,301.89.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after purchasing an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after acquiring an additional 789 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of TransDigm Group by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock worth $161,523,000 after acquiring an additional 1,142 shares during the period. BNP Paribas Financial Markets raised its stake in shares of TransDigm Group by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock valued at $87,297,000 after acquiring an additional 18,655 shares in the last quarter. Finally, Navalign LLC purchased a new position in TransDigm Group in the first quarter valued at $789,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TDG. Northcoast Research began coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Susquehanna increased their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,448.41.

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.