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

Shares of TransDigm Group Incorporated (NYSE:TDG) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat reports. Six research 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 $1,403.88.

A number of research firms have commented on TDG. KeyCorp boosted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Citigroup boosted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Barclays increased their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Susquehanna boosted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock worth $131,249,183 in the last quarter. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its stake in TransDigm Group by 130.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock worth $35,981,000 after acquiring an additional 16,578 shares in the last quarter. Cetera Advisors LLC boosted its holdings in TransDigm Group by 167.5% in the first quarter. Cetera Advisors LLC now owns 1,744 shares of the aerospace company’s stock worth $2,148,000 after acquiring an additional 1,092 shares in the last quarter. Cetera Investment Advisers grew its stake in TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares during the period. LRI Investments LLC bought a new stake in shares of TransDigm Group during the first quarter valued at approximately $160,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of TransDigm Group during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,298.52 on Thursday. The firm has a market capitalization of $72.67 billion, a P/E ratio of 51.51, a P/E/G ratio of 2.23 and a beta of 1.39. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,369.57. The company has a 50-day simple moving average of $1,299.00 and a 200-day simple moving average of $1,180.83.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.39 EPS. As a group, equities analysts forecast that TransDigm Group will post 29.99 earnings per share for the current 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.