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 business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, March 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were 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 Price Performance

TDG stock opened at $1,213.50 on Friday. The stock has a market capitalization of $67.48 billion, a PE ratio of 51.51, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. The company’s 50-day moving average is $1,191.38 and its 200-day moving average is $1,043.56. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,248.39.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.15 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Townsquare Capital LLC raised its holdings in shares of TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after acquiring an additional 114 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after acquiring an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of TransDigm Group by 14.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after acquiring an additional 962 shares during the last quarter. Chicago Capital LLC raised its holdings in shares of TransDigm Group by 3.3% in the 4th quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after acquiring an additional 1,523 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of TransDigm Group in the 4th quarter worth about $948,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TDG shares. Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday. Citigroup upped their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Susquehanna upped their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Truist Financial increased their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,163.27.

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.