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

Transdigm Group Incorporated (NYSE:TDG) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1,545.80.

TDG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Northcoast Research upgraded Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. KeyCorp upped their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company upped their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 49,241 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director owned 21,548 shares of the company’s stock, valued at $31,801,615.80. This represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the sale, the director directly owned 33,713 shares of the company’s stock, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,149 shares of company stock worth $202,651,767. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

Several institutional investors and hedge funds have recently made changes to their positions in TDG. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8 shares in the last quarter. Balefire LLC lifted its holdings in shares of Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 8 shares in the last quarter. New Republic Capital LLC lifted its holdings in shares of Transdigm Group by 4.6% in the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Transdigm Group by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Transdigm Group Trading Up 0.7%

TDG stock opened at $1,522.69 on Monday. The firm has a market capitalization of $85.53 billion, a PE ratio of 51.41, a PEG ratio of 3.25 and a beta of 1.04. Transdigm Group has a 1-year low of $1,176.31 and a 1-year high of $1,528.45. The business’s 50 day simple moving average is $1,442.36 and its 200 day simple moving average is $1,366.38.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $7.99 EPS. As a group, sell-side analysts predict that Transdigm Group will post 35.13 EPS for the current fiscal year.

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.