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 the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,127,372. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00.
• On Monday, April 21st, Joel Reiss sold 3,300 shares of Transdigm Group stock. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00.

Transdigm Group Stock Up 1.9%

TDG stock traded up $27.41 during midday trading on Friday, reaching $1,441.89. The company had a trading volume of 476,724 shares, compared to its average volume of 265,365. The stock has a 50 day moving average price of $1,408.61 and a 200 day moving average price of $1,347.81. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The firm has a market capitalization of $80.99 billion, a PE ratio of 48.68, a P/E/G ratio of 3.02 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $7.99 earnings per share. Transdigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent analyst reports. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. Susquehanna raised their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. UBS Group raised their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,505.23.

Hedge Funds Weigh In On Transdigm Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Winch Advisory Services LLC boosted its position in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the period. Lindbrook Capital LLC boosted its position in shares of Transdigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after buying an additional 8 shares during the period. Rothschild Investment LLC boosted its position in shares of Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after buying an additional 8 shares during the period. Balefire LLC boosted its position in shares of Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares during the period. Finally, New Republic Capital LLC boosted its position in shares of Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.