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

TransDigm Group Incorporated (NYSE:TDG) COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 15th, Joel Reiss sold 3,000 shares of TransDigm Group stock. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00.

TransDigm Group Trading Up 1.1 %

Shares of NYSE:TDG opened at $1,388.25 on Friday. The company has a 50 day moving average of $1,290.70 and a 200 day moving average of $1,273.34. The stock has a market cap of $77.89 billion, a P/E ratio of 55.07, a P/E/G ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,400.63.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.55 earnings per share. On average, equities analysts forecast that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC grew its stake in TransDigm Group by 15.0% in the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock worth $5,913,000 after buying an additional 762 shares in the last quarter. Intech Investment Management LLC grew its stake in TransDigm Group by 68.2% in the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after buying an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in TransDigm Group in the 4th quarter worth approximately $1,909,000. Wealth Enhancement Advisory Services LLC grew its stake in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after buying an additional 567 shares in the last quarter. Finally, UBS Group AG grew its stake in TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after buying an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Wells Fargo & Company reduced their target price on shares of 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. Finally, Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

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.