Transdigm Group (NYSE:TDG) COO Sells $3,838,770.00 in Stock

Key Points

• Transdigm Group's COO, Joel Reiss, sold 3,000 shares of stock for approximately $3.84 million, reducing his ownership by 45.45% to 3,600 shares worth about $4.6 million.
• The company's stock experienced a 2.1% increase, trading at $1,329.45 following the transaction, with a market capitalization of $74.91 billion.
• Transdigm Group recently announced a special dividend of $90.00, an increase from the previous special dividend of $75.00.

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,606,524. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, September 22nd, Joel Reiss sold 3,000 shares of Transdigm Group stock. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00.
• On Wednesday, August 20th, Joel Reiss sold 3,000 shares of Transdigm Group stock. The shares were sold at an average price of $1,406.07, for a total transaction of $4,218,210.00.

Transdigm Group Stock Up 2.1%

TDG stock traded up $27.77 during trading on Tuesday, hitting $1,329.45. 252,340 shares of the company's stock traded hands, compared to its average volume of 300,306. The stock has a fifty day moving average price of $1,320.09 and a two-hundred day moving average price of $1,403.64. The stock has a market capitalization of $74.91 billion, a price-to-earnings ratio of 44.12, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

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

Transdigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a research report on Wednesday, October 8th. Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. Jefferies Financial Group reduced their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. The Goldman Sachs Group raised their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley reduced their price objective on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,564.56.

Institutional Trading of Transdigm Group

Hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. purchased a new stake in shares of Transdigm Group in the first quarter worth approximately $387,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after purchasing an additional 380 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Transdigm Group by 5.4% in the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock worth $143,952,000 after purchasing an additional 5,369 shares in the last quarter. Radnor Capital Management LLC lifted its position in shares of Transdigm Group by 57.9% in the second quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company's stock worth $1,908,000 after purchasing an additional 460 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in shares of Transdigm Group by 8.2% in the second quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company's stock worth $9,688,000 after purchasing an additional 484 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.

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.