TransDigm Group Incorporated (NYSE:TDG) Receives Average Recommendation of “Moderate Buy” from Brokerages

TransDigm Group Incorporated (NYSE:TDG) has received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $1,464.41.

Several research analysts have issued reports on TDG shares. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Susquehanna upped their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd.

TransDigm Group Stock Performance

TDG opened at $1,306.30 on Wednesday. The company’s 50-day simple moving average is $1,335.41 and its two-hundred day simple moving average is $1,320.09. The stock has a market capitalization of $73.26 billion, a P/E ratio of 46.08, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.16 earnings per share. Research analysts forecast that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,894 shares of company stock valued at $167,450,256. Corporate insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Bruce G. Allen Investments LLC grew its position in TransDigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 10 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Park Square Financial Group LLC bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $32,000. Finally, Versant Capital Management Inc raised its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the period. 95.78% of the stock is 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.