Shares of Transdigm Group Incorporated (NYSE:TDG – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $1,624.6923.
Several brokerages have commented on TDG. UBS Group boosted their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Truist Financial increased their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Transdigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Finally, Susquehanna raised their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a “neutral” rating in a report on Monday, July 14th.
View Our Latest Analysis on Transdigm Group
Transdigm Group Stock Down 1.3%
Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts expect that Transdigm Group will post 35.13 earnings per share for the current year.
Transdigm Group Increases Dividend
The company also recently disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.
Insider Activity at Transdigm Group
In other news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the transaction, the director owned 21,548 shares in the company, valued at $33,827,343.28. This trade represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares in the company, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,172 shares of company stock valued at $93,910,577 in the last three months. Corporate insiders own 4.09% of the company’s stock.
Hedge Funds Weigh In On Transdigm Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its position in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC increased its stake 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 worth $28,000 after acquiring an additional 7 shares during the period. Saudi Central Bank acquired a new stake in shares of Transdigm Group in the first quarter worth $30,000. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group in the fourth quarter worth $32,000. Finally, Bank of Jackson Hole Trust grew its position in Transdigm Group by 84.6% during the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after buying an additional 11 shares during the period. 95.78% of the stock is currently owned by 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.
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