Transdigm’s co-COO Joel Reiss sells shares price $4.08 million

Cleveland-based TransDigm Group Inc. (NYSE:TDG), a $76 billion aerospace parts producer with spectacular gross revenue margins of 59%, noticed its Co-Chief Working Officer, Joel Reiss, interact in vital inventory transactions, as reported in a latest SEC submitting. On January 21, Reiss offered a complete of two,910 shares of TransDigm frequent inventory, fetching roughly $4.08 million. The sale costs ranged between $1,352.68 and $1,363.83 per share, with InvestingPro evaluation indicating the inventory is at present buying and selling above its Truthful Worth.

Along with the gross sales, Reiss additionally executed a inventory possibility transaction, buying 3,000 shares at a value of $226.34 per share. This transaction introduced the entire worth of the acquisition to $679,020. Based on InvestingPro knowledge, analyst value targets for TransDigm vary from $1,250 to $1,660, with the corporate sustaining a “GREAT” monetary well being rating. Uncover 12 extra unique ProTips and complete evaluation within the Professional Analysis Report.

Following these transactions, Reiss holds 3,600 shares straight. The transactions had been carried out as a part of a pre-arranged buying and selling plan.

In different latest information, TransDigm Group introduced sturdy This fall earnings and income, exceeding analyst predictions. The plane parts producer recorded an adjusted earnings per share of $9.83 for This fall, outperforming the analyst estimate of $9.29. Income was reported at $2.19 billion, surpassing the consensus forecast of $2.16 billion and marking an 18% rise year-over-year.

TransDigm additionally supplied a constructive outlook for fiscal 2025, anticipating an adjusted EPS of $35.36-$37.28, surpassing the $33.49 analyst consensus. The corporate’s income forecast for a similar interval is $8.75-8.95 billion, additionally above the $7.93 billion anticipated by Wall Avenue.

The corporate anticipates sustained development throughout its industrial OEM, industrial aftermarket, and protection finish markets in fiscal 2025. TransDigm’s EBITDA margin expanded to 52.6% in This fall, a slight enhance from 52% a yr in the past. These are the newest developments for TransDigm Group.

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