TransDigm Group Incorporated (NYSE:TDG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $997.54.

A number of brokerages recently commented on TDG. Citigroup upped their price objective on TransDigm Group from $1,042.00 to $1,114.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. UBS Group assumed coverage on shares of TransDigm Group in a report on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Barclays raised their price target on shares of TransDigm Group from $930.00 to $1,040.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. Finally, Robert W. Baird lifted their price target on TransDigm Group from $960.00 to $1,013.00 in a report on Wednesday, August 9th.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 547 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $882.66, for a total value of $482,815.02. Following the completion of the sale, the director now directly owns 191,456 shares of the company’s stock, valued at approximately $168,990,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert J. Small sold 2,967 shares of TransDigm Group stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $880.47, for a total value of $2,612,354.49. Following the transaction, the director now directly owns 191,171 shares in the company, valued at approximately $168,320,330.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 547 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $882.66, for a total value of $482,815.02. Following the sale, the director now directly owns 191,456 shares of the company’s stock, valued at $168,990,552.96. The disclosure for this sale can be found here. Insiders sold a total of 35,442 shares of company stock worth $31,209,586 over the last 90 days. 7.18% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently bought and sold shares of TDG. Clear Street Markets LLC lifted its position in shares of TransDigm Group by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 49 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of TransDigm Group in the first quarter worth $512,000. Sands Capital Management LLC grew its holdings in shares of TransDigm Group by 1.2% during the first quarter. Sands Capital Management LLC now owns 156,186 shares of the aerospace company’s stock valued at $115,117,000 after buying an additional 1,919 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in TransDigm Group by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,988 shares of the aerospace company’s stock valued at $2,939,000 after buying an additional 36 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TransDigm Group by 9.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,216 shares of the aerospace company’s stock worth $22,271,000 after acquiring an additional 2,502 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock opened at $996.61 on Wednesday. TransDigm Group has a 1 year low of $598.00 and a 1 year high of $1,013.08. The firm’s 50-day moving average is $863.63 and its 200-day moving average is $853.09. The company has a market cap of $55.12 billion, a P/E ratio of 45.26, a PEG ratio of 1.35 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $4.74 earnings per share. TransDigm Group’s revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts predict that TransDigm Group will post 28.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be given a dividend of $35.00 per share. The ex-dividend date is Friday, November 17th. This is a boost from TransDigm Group’s previous special dividend of $22.00.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.