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

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,300 shares of the business's stock in a transaction dated Monday, April 21st. The shares were 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 owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83 % decrease in their position. 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 value of $4,080,120.00.
• On Thursday, February 20th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was 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 transaction of $4,077,180.00.

TransDigm Group Price Performance

Shares of TDG traded up $4.51 on Friday, reaching $1,372.53. The company's stock had a trading volume of 32,983 shares, compared to its average volume of 254,461. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The stock has a market capitalization of $76.98 billion, a P/E ratio of 48.42, a PEG ratio of 2.76 and a beta of 1.08. The stock's 50 day simple moving average is $1,337.20 and its two-hundred day simple moving average is $1,320.39.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm earned $7.16 EPS. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TDG. Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors raised its position in shares of TransDigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares during the period. Finally, FMR LLC increased its stake in TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent research reports. Northcoast Research upgraded shares of 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. Wells Fargo & Company cut their price target on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Barclays reissued an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,464.41.

TransDigm Group Company Profile

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.