Key Points
- Transdigm COO Joel Reiss sold 3,900 shares on May 15 at an average price of $1,154.09, totaling about $4.5 million. After the sale, he held 3,600 shares, a 52% reduction in his position.
- This was Reiss’s third straight month of selling, following similar 3,900-share sales in March and April at higher prices, according to the article.
- Transdigm recently beat quarterly earnings expectations, reporting $9.85 EPS on $2.54 billion in revenue, while analysts still rate the stock a “Moderate Buy” with an average price target of $1,524.18.
Transdigm Group Incorporated (NYSE:TDG - Get Free Report) COO Joel Reiss sold 3,900 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,154.09, for a total transaction of $4,500,951.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,154,724. This represents a 52.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Joel Reiss also recently made the following trade(s):
- On Wednesday, April 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The shares were sold at an average price of $1,280.46, for a total transaction of $4,993,794.00.
- On Monday, March 16th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The shares were sold at an average price of $1,243.70, for a total transaction of $4,850,430.00.
Transdigm Group Price Performance
NYSE TDG opened at $1,180.27 on Tuesday. Transdigm Group Incorporated has a 12 month low of $1,123.61 and a 12 month high of $1,623.82. The firm has a market capitalization of $66.01 billion, a PE ratio of 36.84, a P/E/G ratio of 2.01 and a beta of 0.90. The company's 50 day simple moving average is $1,200.84 and its 200 day simple moving average is $1,288.54.
Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating analysts' consensus estimates of $9.46 by $0.39. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $9.11 earnings per share. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. Sell-side analysts anticipate that Transdigm Group Incorporated will post 37.82 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Transdigm Group
Institutional investors have recently bought and sold shares of the business. Ares Financial Consulting LLC acquired a new stake in Transdigm Group during the 4th quarter worth about $25,000. Elyxium Wealth LLC acquired a new stake in Transdigm Group during the 4th quarter worth about $25,000. MCF Advisors LLC boosted its position in Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company's stock worth $27,000 after acquiring an additional 18 shares during the period. Transamerica Financial Advisors LLC boosted its position in Transdigm Group by 1,900.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company's stock worth $27,000 after acquiring an additional 19 shares during the period. Finally, Colonial Trust Co SC boosted its position in Transdigm Group by 162.5% during the 4th quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company's stock worth $29,000 after acquiring an additional 13 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TDG has been the topic of a number of recent research reports. Wells Fargo & Company assumed coverage on Transdigm Group in a report on Wednesday, April 1st. They issued an "equal weight" rating and a $1,200.00 target price on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $1,400.00 price target on shares of Transdigm Group in a research report on Wednesday, February 4th. Weiss Ratings cut Transdigm Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 13th. BNP Paribas Exane reduced their price objective on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an "outperform" rating for the company in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a "hold" rating in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,524.18.
View Our Latest Stock Report on Transdigm Group
Transdigm Group Company Profile
(
Get Free Report)
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company's product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset's life cycle.
TransDigm's operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
