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

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction 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 TDG stock traded up $10.20 on Friday, hitting $1,378.22. The company's stock had a trading volume of 199,111 shares, compared to its average volume of 255,662. The stock has a market capitalization of $77.30 billion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm's fifty day moving average price is $1,338.78 and its 200-day moving average price is $1,319.95.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 EPS. The firm's revenue was up 12.1% on a year-over-year basis. Analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TDG shares. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Susquehanna lifted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. 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.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,464.41.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently modified their holdings of TDG. Anchor Investment Management LLC grew its stake in TransDigm Group by 5.0% in the 3rd quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock valued at $1,309,000 after buying an additional 44 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of TransDigm Group in the third quarter valued at about $618,000. Franklin Resources Inc. increased its stake in shares of TransDigm Group by 2.2% in the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock worth $290,151,000 after purchasing an additional 4,442 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of TransDigm Group during the 3rd quarter worth about $716,000. Finally, JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. Institutional investors own 95.78% of the company's stock.

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.