Transdigm Group Incorporated (NYSE:TDG) COO Joel Reiss Sells 3,000 Shares

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total value of $4,793,580.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $5,752,296. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00.
• 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.

Transdigm Group Stock Up 0.4%

NYSE:TDG traded up $6.85 during mid-day trading on Friday, hitting $1,606.09. 200,223 shares of the stock traded hands, compared to its average volume of 224,248. The stock has a market capitalization of $90.21 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 3.25 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,615.35. The firm's 50 day moving average is $1,489.82 and its two-hundred day moving average is $1,396.09.

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

Institutional Investors Weigh In On Transdigm Group

Institutional investors and hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC lifted its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its stake in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Transdigm Group during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the 4th quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Citigroup increased their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group increased their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

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.