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.
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
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.
- Get a free copy of the StockNews.com research report on TransDigm Group (TDG)
- Under-the-Radar Azul SA Takes Flight on Robust Travel Demand
- Market Gets “Powelled”: S&P 500 Confirms Resistance
- Rivian Plummets, But Is This 2023’s Greatest Buying Opportunity?
- Ulta Insiders Hold Tight: Sell-Siders Buy
- Potential Earnings Have Rated Ambrx Biopharma a Moderate Buy
Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.