TransDigm Group Incorporated (NYSE:TDG) COO Sells $4,205,250.00 in Stock

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

TransDigm Group Stock Up 1.3 %

Shares of TransDigm Group stock opened at $1,402.59 on Friday. The firm has a market cap of $78.70 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32. The company’s 50-day simple moving average is $1,353.52 and its 200-day simple moving average is $1,301.89.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $6.55 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on TDG shares. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,448.41.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Net Worth Advisory Group acquired a new stake in shares of TransDigm Group in the third quarter valued at about $321,000. Aspiriant LLC acquired a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $2,856,000. Stonegate Investment Group LLC purchased a new position in shares of TransDigm Group in the third quarter valued at $455,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of TransDigm Group by 2.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,873 shares of the aerospace company’s stock worth $11,236,000 after buying an additional 165 shares during the last quarter. Finally, NatWest Group plc boosted its position in shares of TransDigm Group by 26.5% in the 3rd quarter. NatWest Group plc now owns 5,684 shares of the aerospace company’s stock worth $8,112,000 after buying an additional 1,189 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.