Analysts’ Weekly Ratings Changes for TransDigm Group (TDG)

Several brokerages have updated their recommendations and price targets on shares of TransDigm Group (NYSE: TDG) in the last few weeks:

• 5/9/2024 – TransDigm Group had its price target raised by analysts at Morgan Stanley from $1,275.00 to $1,550.00. They now have an “overweight” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at Royal Bank of Canada from $1,300.00 to $1,400.00. They now have an “outperform” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at Robert W. Baird from $1,290.00 to $1,357.00. They now have an “outperform” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at UBS Group AG from $1,302.00 to $1,403.00. They now have a “neutral” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at Susquehanna from $1,100.00 to $1,200.00. They now have a “neutral” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at Wells Fargo & Company from $1,260.00 to $1,390.00. They now have an “equal weight” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at TD Cowen from $1,300.00 to $1,400.00. They now have a “buy” rating on the stock.
• 5/8/2024 – TransDigm Group had its price target raised by analysts at Truist Financial Co. from $1,267.00 to $1,425.00. They now have a “buy” rating on the stock.
• 4/22/2024 – TransDigm Group had its price target raised by analysts at KeyCorp from $1,220.00 to $1,325.00. They now have an “overweight” rating on the stock.
• 4/17/2024 – TransDigm Group had its price target raised by analysts at Stifel Nicolaus from $1,100.00 to $1,200.00. They now have a “hold” rating on the stock.
• 4/16/2024 – TransDigm Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1,285.00 to $1,518.00. They now have a “buy” rating on the stock.
• 4/9/2024 – TransDigm Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/4/2024 – TransDigm Group had its price target raised by analysts at Citigroup Inc. from $1,380.00 to $1,395.00. They now have a “buy” rating on the stock.
• 4/1/2024 – TransDigm Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/27/2024 – TransDigm Group had its price target raised by analysts at JPMorgan Chase & Co. from $1,050.00 to $1,175.00. They now have a “neutral” rating on the stock.
• 3/19/2024 – TransDigm Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

TransDigm Group Stock Up 0.3 %

Shares of NYSE:TDG opened at $1,318.86 on Friday. The firm has a market cap of $73.34 billion, a price-to-earnings ratio of 55.98, a PEG ratio of 2.63 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $768.05 and a 12 month high of $1,330.38. The company’s fifty day simple moving average is $1,222.89 and its 200 day simple moving average is $1,087.09.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. 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. Research analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. In the last quarter, insiders bought 11 shares of company stock valued at $5,950 and sold 59,088 shares valued at $69,841,110. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently added to or reduced their stakes in TDG. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group in the 4th quarter valued at about $25,000. ORG Partners LLC acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $30,000. Oakworth Capital Inc. bought a new position in shares of TransDigm Group during the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the 1st quarter valued at $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.