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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 16th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00.

TransDigm Group Price Performance

TDG traded up $17.89 during trading hours on Thursday, reaching $1,401.96. The company’s stock had a trading volume of 197,261 shares, compared to its average volume of 216,945. TransDigm Group Incorporated has a fifty-two week low of $811.42 and a fifty-two week high of $1,451.32. The stock has a market cap of $78.66 billion, a PE ratio of 51.21, a P/E/G ratio of 1.90 and a beta of 1.43. The business’s 50-day moving average is $1,350.09 and its 200-day moving average is $1,301.19.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $6.55 earnings per share. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in TransDigm Group by 2.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,873 shares of the aerospace company’s stock worth $11,236,000 after purchasing an additional 165 shares in the last quarter. NatWest Group plc lifted its stake in TransDigm Group by 26.5% during the third quarter. NatWest Group plc now owns 5,684 shares of the aerospace company’s stock worth $8,112,000 after purchasing an additional 1,189 shares in the last quarter. Teamwork Financial Advisors LLC lifted its stake in TransDigm Group by 9.0% during the third quarter. Teamwork Financial Advisors LLC now owns 10,945 shares of the aerospace company’s stock worth $15,620,000 after purchasing an additional 908 shares in the last quarter. Mezzasalma Advisors LLC lifted its stake in TransDigm Group by 4.6% during the third quarter. Mezzasalma Advisors LLC now owns 2,480 shares of the aerospace company’s stock worth $3,539,000 after purchasing an additional 108 shares in the last quarter. Finally, Rheos Capital Works Inc. acquired a new position in TransDigm Group during the third quarter worth $11,560,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. UBS Group cut their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Northcoast Research began coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,448.41.

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.