CLEVELAND—Joel Reiss, Co-Chief Operating Officer at TransDigm Group Inc. (NYSE:TDG), executed a series of stock transactions, as reported in a recent SEC filing. On December 20, Reiss sold a total of 2,995 shares of TransDigm common stock, generating approximately $3.77 million. The shares were sold at prices ranging from $1,250.49 to $1,261.62 per share. The aerospace component manufacturer, currently valued at $72 billion, has demonstrated strong performance with a 31.5% year-to-date return. According to InvestingPro analysis, the company maintains impressive gross profit margins of 59.1%.
These transactions followed an earlier exercise of stock options, where Reiss acquired 3,000 shares at a price of $226.34 each, totaling $679,020. After these transactions, Reiss holds 4,700 shares of TransDigm stock directly.
The transactions were conducted under a pre-established trading plan.
In other recent news, TransDigm Group made headlines with robust fourth-quarter earnings and revenue that surpassed analyst expectations. The aircraft components maker delivered an adjusted earnings per share of $9.83 for Q4, significantly outperforming the analyst estimate of $9.29. Revenue was reported at $2.19 billion, exceeding the consensus forecast of $2.16 billion, marking an 18% increase year-over-year.
TransDigm's President and CEO, Kevin Stein, expressed satisfaction with the team's performance and the overall operating results for the fourth quarter and the full fiscal year of 2024. Looking ahead, the company has raised its outlook for fiscal 2025, projecting an adjusted EPS of $35.36-$37.28, which is above the $33.49 analyst consensus. Revenue for the same period is forecasted at $8.75-8.95 billion, surpassing Wall Street's expectations of $7.93 billion.
These recent developments indicate a positive trajectory for TransDigm, as the company anticipates continued growth across its commercial OEM, commercial aftermarket, and defense end markets in fiscal 2025. Furthermore, the company's EBITDA margin expanded to 52.6% in Q4, up from 52% a year ago.
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