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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, 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 accessible 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 value of $3,516,780.00.
• On Thursday, February 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00.

TransDigm Group Price Performance

NYSE TDG traded down $1.12 during trading on Wednesday, reaching $1,222.03. The company’s stock had a trading volume of 92,399 shares, compared to its average volume of 206,643. The stock has a market capitalization of $67.95 billion, a PE ratio of 51.87, a P/E/G ratio of 2.46 and a beta of 1.42. The firm has a fifty day moving average of $1,188.11 and a 200 day moving average of $1,041.08. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39.

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

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently added to or reduced their stakes in TDG. Coldstream Capital Management Inc. boosted its holdings in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 8.8% in the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of TransDigm Group by 5.9% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of TransDigm Group by 14.5% in the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 11 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of TransDigm Group by 1.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 925 shares of the aerospace company’s stock worth $827,000 after purchasing an additional 12 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. The Goldman Sachs Group boosted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Susquehanna boosted their target price on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average 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.