Joel Reiss Sells 3,000 Shares of TransDigm Group Incorporated (NYSE:TDG) Stock

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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

TransDigm Group Stock Performance

NYSE TDG traded up $18.72 during trading hours on Friday, hitting $1,368.24. 267,159 shares of the company's stock were exchanged, compared to its average volume of 257,543. The firm has a market capitalization of $76.74 billion, a P/E ratio of 48.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The business's 50 day moving average is $1,314.11 and its 200-day moving average is $1,323.65.

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TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for 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%. TransDigm Group's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.16 earnings per share. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of the company. First Personal Financial Services purchased a new position in TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of 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 purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% in 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 during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $32,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TDG shares. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus 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.