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

TransDigm Group Incorporated (NYSE:TDG) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,490.20.

A number of analysts have weighed in on TDG shares. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Finally, Truist Financial reduced their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,422.28 on Friday. The firm has a market cap of $79.89 billion, a PE ratio of 50.17, a P/E/G ratio of 2.76 and a beta of 1.09. The firm’s 50 day moving average price is $1,360.42 and its two-hundred day moving average price is $1,324.09. TransDigm Group has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted $7.99 EPS. TransDigm Group’s revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the sale, the director now owns 95,356 shares in the company, valued at approximately $127,796,111.20. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,485 shares of company stock worth $208,214,992 in the last quarter. 4.09% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Several hedge funds have recently modified their holdings of TDG. GAMMA Investing LLC lifted its holdings in TransDigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock worth $1,716,401,000 after buying an additional 1,240,112 shares in the last quarter. Norges Bank acquired a new position in shares of TransDigm Group in the 4th quarter valued at $973,353,000. Proficio Capital Partners LLC lifted its stake in shares of TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after purchasing an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $399,595,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Company Profile

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.