TransDigm Group (NYSE:TDG) Hits New 12-Month High at $1,248.39

TransDigm Group Incorporated (NYSE:TDG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,248.39 and last traded at $1,241.60, with a volume of 5528 shares traded. The stock had previously closed at $1,220.38.

Analysts Set New Price Targets

Several analysts recently issued reports on TDG shares. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. KeyCorp increased their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Truist Financial raised their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Barclays raised their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,153.27.

TransDigm Group Stock Up 1.2 %

The stock has a market capitalization of $67.94 billion, a P/E ratio of 51.86, a P/E/G ratio of 2.46 and a beta of 1.42. The firm’s 50 day simple moving average is $1,188.11 and its two-hundred day simple moving average is $1,041.08.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $4.15 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts expect that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Wynne sold 5,850 shares of TransDigm Group stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the completion of the transaction, the chief financial officer now directly owns 700 shares in the company, valued at $811,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 5,850 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the transaction, the chief financial officer now owns 700 shares in the company, valued at $811,300. The disclosure for this sale can be found here. Insiders sold 46,087 shares of company stock worth $53,979,458 over the last three months. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Compagnie Lombard Odier SCmA purchased a new position in TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in TransDigm Group during the fourth quarter worth about $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in TransDigm Group during the third quarter worth about $27,000. Resurgent Financial Advisors LLC purchased a new position in TransDigm Group in the fourth quarter valued at about $30,000. Finally, Optiver Holding B.V. purchased a new position in TransDigm Group in the third quarter valued at about $35,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The 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.