TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss Sells 3,300 Shares

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. This trade represents a 47.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00.
• 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 shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,307.25 on Tuesday. The company’s fifty day moving average price is $1,336.03 and its 200 day moving average price is $1,320.19. The firm has a market capitalization of $73.32 billion, a P/E ratio of 46.11, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $7.16 EPS. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in TransDigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock valued at $1,716,401,000 after acquiring an additional 1,240,112 shares during the period. Norges Bank purchased a new stake in shares of TransDigm Group during the fourth quarter worth approximately $973,353,000. Proficio Capital Partners LLC lifted its holdings in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in TransDigm Group in the 4th quarter valued at $399,595,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,464.41.

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.