TransDigm Group (NYSE:TDG) Sets New 52-Week High at $771.17

TransDigm Group Incorporated (NYSE:TDG – Get Rating)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $771.17 and last traded at $769.56, with a volume of 11815 shares. The stock had previously closed at $767.22.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada increased their price target on TransDigm Group from $750.00 to $800.00 in a report on Wednesday, February 8th. Bank of America lifted their price target on shares of TransDigm Group from $770.00 to $890.00 in a research note on Tuesday, February 28th. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $660.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. Susquehanna boosted their target price on TransDigm Group from $665.00 to $750.00 and gave the company a “neutral” rating in a research report on Wednesday, February 8th. Finally, Credit Suisse Group increased their price target on TransDigm Group from $765.00 to $830.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $761.15.

TransDigm Group Stock Performance

The company has a market capitalization of $41.65 billion, a P/E ratio of 51.58, a PEG ratio of 2.05 and a beta of 1.36. The company’s fifty day simple moving average is $706.27 and its 200-day simple moving average is $630.90.

Insider Activity

In related news, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $620.35, for a total value of $4,032,275.00. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $13,367,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $620.35, for a total value of $4,032,275.00. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $13,367,301.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 147,074 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $736.22, for a total transaction of $108,278,820.28. Following the transaction, the director now owns 194,689 shares of the company’s stock, valued at approximately $143,333,935.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 284,213 shares of company stock worth $208,403,127. Corporate insiders own 7.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in shares of TransDigm Group during the third quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in TransDigm Group during the 3rd quarter valued at approximately $27,000. Resurgent Financial Advisors LLC purchased a new position in shares of TransDigm Group in the fourth quarter worth $30,000. Guardian Wealth Advisors LLC acquired a new stake in shares of TransDigm Group during the third quarter worth $33,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of TransDigm Group by 112.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after buying an additional 37 shares during the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

About TransDigm Group

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.