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

Key Points

• Transdigm Group COO Joel Reiss sold 3,000 shares at an average price of $1,276.07, totaling over $3.8 million, which represents a 45.45% decrease in his position.
• The company recently declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00.
• Transdigm Group's stock performance shows a market cap of $73.32 billion and a price-to-earnings ratio of 43.18, with the stock currently trading at about $1,301.11.

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. The trade was a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, August 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00.
• On Monday, July 21st, Joel Reiss sold 3,000 shares of Transdigm Group stock. The stock was sold at an average price of $1,597.86, for a total transaction of $4,793,580.00.

Transdigm Group Stock Performance

NYSE:TDG traded up $1.74 during trading hours on Wednesday, reaching $1,301.11. The company's stock had a trading volume of 227,076 shares, compared to its average volume of 301,166. The firm has a market capitalization of $73.32 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.74 and a beta of 1.03. The firm has a 50-day simple moving average of $1,415.49 and a 200-day simple moving average of $1,412.37. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the previous year, the business earned $9.00 EPS. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. The Goldman Sachs Group raised their target price 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. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Jefferies Financial Group dropped their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,599.73.

Institutional Trading of Transdigm Group

Several large investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the first quarter worth $30,000. Bank of Jackson Hole Trust increased its stake in shares of Transdigm Group by 84.6% in the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company's stock worth $36,000 after purchasing an additional 11 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group in the fourth quarter worth $32,000. Institutional investors own 95.78% of the company's stock.

Transdigm Group Company Profile

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.

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