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 Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00.
• On Friday, December 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00.

TransDigm Group Stock Up 1.8 %

TDG stock traded up $23.18 during mid-day trading on Tuesday, reaching $1,336.21. 221,916 shares of the stock traded hands, compared to its average volume of 263,067. The firm has a market capitalization of $74.94 billion, a PE ratio of 47.13, a P/E/G ratio of 2.76 and a beta of 1.40. The business has a 50-day moving average of $1,307.41 and a two-hundred day moving average of $1,321.84. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.16 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TDG shares. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. First Personal Financial Services bought a new stake in TransDigm Group in the 3rd quarter valued at $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont grew its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds 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.