TransDigm Group INC (NYSE:TDG), a leading manufacturer in the aerospace industry, has seen significant trading activity from its Co-Chief Operating Officer, Joel Reiss. According to recent filings, Reiss sold a total of $3,516,793 worth of common stock. The transactions occurred on March 15, 2024, with the price per share ranging between $1,165.07 and $1,181.49.
The sales were executed in multiple tranches, with prices reported as average weighted prices. The shares were sold at various prices within the stated range. For instance, some shares were sold between $1,164.96 and $1,165.92, while others were sold in ranges up to $1,181.60. Reiss has committed to provide full information regarding the number of shares sold at each separate price upon request.
In addition to the sales, Reiss also acquired 3,000 shares of TransDigm stock valued at $226.34 per share, totaling $679,020. These shares were acquired through the exercise of stock options, a common practice for company executives.
Following these transactions, Reiss's holdings in TransDigm have changed significantly. Investors often monitor such insider trading activity as it can provide insights into executives' perspectives on the company's current valuation and future prospects.
TransDigm Group INC, known for its design, production, and supply of highly engineered aerospace components, has been a key player in the industry. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol TDG.
For those interested in the specifics of the trading activity and the resulting ownership stakes, more detailed information is available upon request from the Commission, the issuer, or a security holder of the issuer. The reported transactions are in compliance with applicable securities laws.
The reported filings show a clear picture of the recent financial moves by one of TransDigm's top executives, providing investors with up-to-date information on insider transactions.
InvestingPro Insights
TransDigm Group Inc (NYSE:TDG) has been making waves in the aerospace sector not only through its business operations but also via its stock performance and financial metrics. An analysis of the company's recent financial data reveals some compelling insights. For instance, TransDigm boasts a strong gross profit margin of 58.62% over the last twelve months as of Q1 2024, indicating its efficiency in maintaining profitability despite costs. This is a key metric for investors evaluating the company's ability to manage expenses relative to its revenue.
Moreover, the company's stock has demonstrated a robust return, with a 77.22% one-year price total return, showcasing a significant appreciation in investor confidence and market value. This performance is underscored by the stock trading near its 52-week high, at 97.8% of the peak value. Despite some analysts revising their earnings expectations downwards for the upcoming period, the company's profitability over the last twelve months and the prediction that it will remain profitable this year offer a positive outlook.
Investors considering TDG as part of their portfolio might also find the company's P/E ratio an interesting point of discussion. The current P/E ratio stands at 50.59, which when adjusted for the last twelve months as of Q1 2024, slightly decreases to 47.31. This metric, along with the PEG ratio of 0.82 for the same period, suggests that the stock is trading at a valuation that may be considered reasonable relative to its near-term earnings growth.
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