TransDigm Group (NYSE:TDG) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of TransDigm Group (NYSE:TDG) in a research note published on Thursday, Benzinga reports. They currently have a $1,500.00 price target on the aerospace company’s stock.

A number of other research analysts also recently issued reports on TDG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a buy rating in a research note on Thursday, June 20th. Robert W. Baird raised their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. Truist Financial upped their price target on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. StockNews.com upgraded TransDigm Group from a hold rating to a buy rating in a research report on Saturday, May 18th. Finally, UBS Group boosted their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $1,410.13.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,288.65 on Thursday. The stock has a market capitalization of $72.11 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.23 and a beta of 1.39. The business has a fifty day moving average price of $1,300.46 and a 200-day moving average price of $1,181.65. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.39 earnings per share. On average, equities research analysts anticipate that TransDigm Group will post 29.99 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the transaction, the director now owns 112,381 shares in the company, valued at $148,776,710.66. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock worth $131,249,183 over the last quarter. 4.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group in the 4th quarter worth $25,000. ORG Partners LLC purchased a new position in TransDigm Group in the first quarter worth about $30,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group during the 4th quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the 1st quarter worth about $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

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.