TransDigm Group (NYSE:TDG) Sets New 1-Year High Following Earnings Beat

TransDigm Group Incorporated (NYSE:TDG) reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $1,325.36 and last traded at $1,314.00, with a volume of 41776 shares trading hands. The stock had previously closed at $1,310.40.

The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $5.39 EPS.

Wall Street Analyst Weigh In

TDG has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Royal Bank of Canada increased their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group raised their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,289.94.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the sale, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

Institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $26,000. ORG Partners LLC acquired a new stake in shares of TransDigm Group during the first quarter valued at approximately $30,000. Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the third quarter valued at approximately $35,000. Finally, VisionPoint Advisory Group LLC purchased a new position in TransDigm Group during the fourth quarter valued at approximately $37,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 0.4 %

The stock has a market capitalization of $73.13 billion, a PE ratio of 55.81, a P/E/G ratio of 2.63 and a beta of 1.40. The stock’s 50-day moving average is $1,217.21 and its 200 day moving average is $1,083.86.

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.