Cleveland-based TransDigm Group Inc. (NYSE:TDG), a $76 billion aerospace components manufacturer with impressive gross profit margins of 59%, saw its Co-Chief Operating Officer, Joel Reiss, engage in significant stock transactions, as reported in a recent SEC filing. On January 21, Reiss sold a total of 2,910 shares of TransDigm common stock, fetching approximately $4.08 million. The sale prices ranged between $1,352.68 and $1,363.83 per share, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.
In addition to the sales, Reiss also executed a stock option transaction, acquiring 3,000 shares at a price of $226.34 per share. This transaction brought the total value of the acquisition to $679,020. According to InvestingPro data, analyst price targets for TransDigm range from $1,250 to $1,660, with the company maintaining a "GREAT" financial health score. Discover 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
Following these transactions, Reiss holds 3,600 shares directly. The transactions were conducted as part of a pre-arranged trading plan.
In other recent news, TransDigm Group announced robust Q4 earnings and revenue, exceeding analyst predictions. The aircraft components producer recorded an adjusted earnings per share of $9.83 for Q4, outperforming the analyst estimate of $9.29. Revenue was reported at $2.19 billion, surpassing the consensus forecast of $2.16 billion and marking an 18% rise year-over-year.
TransDigm also provided a positive outlook for fiscal 2025, expecting an adjusted EPS of $35.36-$37.28, surpassing the $33.49 analyst consensus. The company's revenue forecast for the same period is $8.75-8.95 billion, also above the $7.93 billion anticipated by Wall Street.
The company anticipates sustained growth across its commercial OEM, commercial aftermarket, and defense end markets in fiscal 2025. TransDigm’s EBITDA margin expanded to 52.6% in Q4, a slight increase from 52% a year ago. These are the latest developments for TransDigm Group.
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