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

TransDigm Group Incorporated (NYSE:TDG) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,465.47.

Several research firms recently issued reports on TDG. KeyCorp increased their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th.

Insider Buying and Selling

In related news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,525 shares of company stock valued at $84,362,871 over the last ninety days. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently made changes to their positions in TDG. Windacre Partnership LLC lifted its stake in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares in the last quarter. Darsana Capital Partners LP acquired a new stake in shares of TransDigm Group during the second quarter worth $210,806,000. International Assets Investment Management LLC lifted its position in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after acquiring an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the period. Finally, FMR LLC increased its holdings in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,239.00 on Thursday. The firm has a fifty day moving average of $1,310.75 and a 200-day moving average of $1,311.69. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 48.40, a P/E/G ratio of 2.89 and a beta of 1.39. TransDigm Group has a 52-week low of $972.08 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.