Insider Selling: TransDigm Group Incorporated (NYSE:TDG) COO Sells $2,984,520.00 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 Wednesday, November 15th. The stock was sold at an average price of $994.84, for a total transaction of $2,984,520.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,581,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, October 16th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $862.38, for a total transaction of $2,587,140.00.
• On Friday, September 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $872.68, for a total transaction of $2,618,040.00.

TransDigm Group Price Performance

NYSE:TDG opened at $957.63 on Friday. The stock has a market cap of $52.97 billion, a P/E ratio of 43.49, a PEG ratio of 1.63 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $599.42 and a one year high of $1,013.08. The company has a fifty day moving average price of $869.55 and a 200 day moving average price of $856.89.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $4.74 EPS. The business’s revenue was up 22.6% on a year-over-year basis. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 28.71 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be paid a $35.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date of this dividend is Friday, November 17th.

Analysts Set New Price Targets

Several research firms recently issued reports on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Barclays upped their price objective on shares of TransDigm Group from $930.00 to $1,040.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Royal Bank of Canada upped their price objective on shares of TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, Susquehanna upped their price objective on shares of TransDigm Group from $850.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $997.54.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds have recently made changes to their positions in TDG. Private Advisor Group LLC raised its stake in shares of TransDigm Group by 23.4% in the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock valued at $628,000 after buying an additional 183 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of TransDigm Group by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock valued at $519,000 after buying an additional 320 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of TransDigm Group by 99.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after purchasing an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TransDigm Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of TransDigm Group by 7.3% during the 1st quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after purchasing an additional 2,020 shares in the last quarter. Institutional investors and hedge funds 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. Its 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.