Joel Reiss Sells 3,900 Shares of Transdigm Group (NYSE:TDG) Stock

Key Points

• TransDigm COO Joel Reiss sold 3,900 shares at an average price of $1,238.76, generating approximately $4.83 million. The transaction reduced his ownership by 52%, leaving him with 3,600 shares.
• TransDigm reported quarterly earnings of $10.87 per share and revenue of $2.74 billion, exceeding analyst estimates; revenue increased 22.5% year over year.
• TDG shares recently traded near $1,236.76, while analysts’ consensus rating remained “Hold” with an average price target of $1,463.71. Institutional investors own approximately 95.78% of the stock.

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,900 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The transaction 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 Monday, June 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00.

Transdigm Group Price Performance

TDG stock traded down $1.06 during mid-day trading on Tuesday, reaching $1,236.76. 250,788 shares of the company traded hands, compared to its average volume of 397,710. The company has a fifty day moving average price of $1,272.49 and a 200-day moving average price of $1,251.38. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,463.03. The company has a market capitalization of $69.18 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.10 and a beta of 0.91.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating analysts' consensus estimates of $10.30 by $0.57. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. Transdigm Group's revenue was up 22.5% compared to the same quarter last year. During the same period last year, the business earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, analysts forecast that Transdigm Group Incorporated will post 38.81 EPS for the current year.

Hedge Funds Weigh In On Transdigm Group

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. Family Legacy Inc. boosted its stake in Transdigm Group by 0.3% in the fourth quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company's stock worth $3,184,000 after buying an additional 8 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Transdigm Group by 17.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company's stock worth $73,000 after acquiring an additional 8 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Transdigm Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company's stock worth $398,000 after acquiring an additional 9 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Transdigm Group by 6.2% in the 4th quarter. Root Financial Partners LLC now owns 155 shares of the aerospace company's stock worth $206,000 after acquiring an additional 9 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Transdigm Group by 13.6% in the 4th quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company's stock valued at $100,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft upped their price target on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a "neutral" rating in a research note on Monday, June 15th. Morgan Stanley cut Transdigm Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. BMO Capital Markets boosted their price objective on Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an "outperform" rating in a report on Thursday, July 2nd. Finally, Stifel Nicolaus restated a "hold" rating and issued a $1,405.00 price objective (down from $1,525.00) on shares of Transdigm Group in a research report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1,463.71.

Transdigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company's product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset's life cycle.

TransDigm's operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source