TransDigm group’s Co-COO Reiss Joel sells shares worth $4.08 million

Published 21/03/2025, 21:24
TransDigm group’s Co-COO Reiss Joel sells shares worth $4.08 million

TransDigm Group Inc. (NYSE:TDG), a $75 billion market cap aerospace manufacturer, recently saw significant insider activity as Co-Chief Operating Officer Reiss Joel executed a series of stock sales. According to a recent SEC filing, Joel sold a total of 2,865 shares of TransDigm’s common stock on March 20, 2025, at prices ranging from $1,349.57 to $1,364.28 per share. These transactions amounted to approximately $4.08 million. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value.

In addition to the sales, Joel also exercised stock options to acquire 3,000 shares at a price of $226.34 per share, totaling $679,020. Following these transactions, Joel now directly owns 3,600 shares of the company. The stock currently trades at a P/E ratio of 47, reflecting its premium valuation.

TransDigm Group, based in Cleveland, Ohio, specializes in manufacturing aircraft parts and auxiliary equipment, boasting impressive gross margins of 60% and revenue growth of 17% over the last twelve months. As insider transactions often attract investor attention, these activities could be of interest to those monitoring the company’s stock performance. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of TDG’s valuation and prospects.

In other recent news, TransDigm Group Inc reported its first-quarter earnings, revealing adjusted earnings per share of $7.83, surpassing analyst expectations of $7.64. However, revenue slightly missed estimates, coming in at $2.01 billion compared to the anticipated $2.02 billion. Despite this shortfall, the company experienced a 12.1% year-over-year revenue increase. TransDigm’s EBITDA As Defined rose by 16.3% to $1.06 billion, with margins expanding to 52.9%. The company reaffirmed its revenue guidance for fiscal 2025, projecting $8.75 billion to $8.95 billion, and slightly raised its adjusted EPS outlook.

Additionally, TransDigm held its Annual Meeting of Shareholders, where all ten director nominees were re-elected, and Ernst & Young LLP was ratified as the independent auditor for fiscal year 2025. UBS recently upgraded TransDigm’s stock rating from Neutral to Buy, raising the price target to $1,595, citing expectations of aftermarket growth and margin expansion. UBS forecasts a 10-11% growth in the aftermarket, exceeding market predictions of high single-digit growth. The analyst firm also predicts significant margin improvements and substantial capital deployment potential for TransDigm.

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