TransDigm Group Incorporated (NYSE:TDG) COO Sells $4,080,120.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00.
• 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.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,344.17 on Friday. The company has a market cap of $75.39 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The stock’s 50 day simple moving average is $1,335.17 and its two-hundred day simple moving average is $1,327.31.

TransDigm Group (NYSE:TDG) last released its quarterly 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.16 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors have recently made changes to their positions in the company. Siemens Fonds Invest GmbH lifted its stake in TransDigm Group by 7,260.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company’s stock worth $64,919,000 after purchasing an additional 50,531 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of TransDigm Group during the 4th quarter worth approximately $32,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TransDigm Group during the 4th quarter valued at $31,753,000. Tiptree Advisors LLC bought a new position in TransDigm Group in the 4th quarter valued at $253,000. Finally, Q Global Advisors LLC purchased a new stake in TransDigm Group in the fourth quarter worth $9,278,000. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several research analyst reports. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

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.