Insider Selling: 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 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 in the company, valued at $5,046,300. This trade represents a 0.00 % decrease in their position. 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, 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 transaction of $4,127,670.00.

TransDigm Group Price Performance

NYSE TDG opened at $1,397.16 on Friday. The company has a fifty day moving average of $1,356.51 and a 200 day moving average of $1,303.86. The company has a market capitalization of $78.18 billion, a PE ratio of 55.42, a P/E/G ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32.

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

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued 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 was Friday, October 4th.

Analysts Set New Price Targets

Several brokerages have weighed in on TDG. Wells Fargo & Company lowered 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. 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,448.41.

Institutional Trading of TransDigm Group

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of TransDigm Group by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after buying an additional 1,142 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of TransDigm Group by 35.7% during the 1st quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock valued at $87,297,000 after buying an additional 18,655 shares in the last quarter. Finally, Navalign LLC acquired a new stake in TransDigm Group in the 1st quarter valued at $789,000. 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.