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 the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 value 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 value of $4,077,180.00.

TransDigm Group Stock Down 1.2 %

Shares of NYSE TDG traded down $16.57 during midday trading on Friday, hitting $1,344.17. The company had a trading volume of 535,909 shares, compared to its average volume of 232,709. The firm has a market capitalization of $75.39 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The business has a 50-day simple moving average of $1,333.54 and a two-hundred day simple moving average of $1,327.55.

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

Institutional Trading of TransDigm Group

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup upped their target price 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. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.