TransDigm Group Incorporated (NYSE:TDG) COO Sells $3,969,060.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00.

TransDigm Group Stock Down 0.1 %

Shares of TransDigm Group stock opened at $1,331.85 on Thursday. The stock has a market cap of $74.70 billion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The business has a fifty day simple moving average of $1,310.51 and a 200-day simple moving average of $1,322.54. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data 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 firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $7.16 earnings per share. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Institutional Trading of TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Q Global Advisors LLC acquired a new stake in shares of TransDigm Group in the fourth quarter worth about $9,278,000. Ascent Group LLC lifted its position in shares of TransDigm Group by 4.6% in the fourth quarter. Ascent Group LLC now owns 1,087 shares of the aerospace company’s stock worth $1,378,000 after buying an additional 48 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of TransDigm Group by 170.9% in the fourth quarter. Mackenzie Financial Corp now owns 12,927 shares of the aerospace company’s stock worth $16,382,000 after buying an additional 8,156 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of TransDigm Group by 20.5% in the fourth quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company’s stock worth $34,630,000 after buying an additional 4,651 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of TransDigm Group in the fourth quarter worth about $8,348,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded 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 given a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average 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.