TransDigm Group (NYSE:TDG) Reaches New 1-Year High at $1,255.59

TransDigm Group Incorporated (NYSE:TDG)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $1,255.59 and last traded at $1,246.49, with a volume of 26998 shares traded. The stock had previously closed at $1,242.40.

Analysts Set New Price Targets

Several brokerages have weighed in on TDG. KeyCorp boosted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday. Susquehanna boosted their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Stifel Nicolaus boosted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Stock Up 1.3 %

The company has a market cap of $69.92 billion, a P/E ratio of 53.37, a PEG ratio of 2.53 and a beta of 1.42. The firm has a 50 day moving average of $1,200.78 and a 200-day moving average of $1,057.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.15 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the sale, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last 90 days. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA acquired a new position in shares of TransDigm Group in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group in the 4th quarter valued at $26,000. Optiver Holding B.V. acquired a new position in shares of TransDigm Group in the 3rd quarter valued at $35,000. VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.