FY2024 EPS Estimates for TransDigm Group Incorporated Increased by Zacks Research (NYSE:TDG)

TransDigm Group Incorporated (NYSE:TDG) – Equities researchers at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of TransDigm Group in a research report issued to clients and investors on Thursday, June 27th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $29.57 per share for the year, up from their previous forecast of $29.54. The consensus estimate for TransDigm Group’s current full-year earnings is $30.04 per share. Zacks Research also issued estimates for TransDigm Group’s Q4 2024 earnings at $8.66 EPS.

Several other research analysts also recently commented on the company. Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Wells Fargo & Company raised their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Truist Financial upped their price target on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Citigroup raised their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,410.13.

TransDigm Group Stock Performance

Shares of TDG opened at $1,277.61 on Monday. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,369.57. The firm has a market cap of $71.50 billion, a price-to-earnings ratio of 50.68, a PEG ratio of 2.16 and a beta of 1.39. The business’s fifty day moving average is $1,303.77 and its 200-day moving average is $1,186.89.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.39 EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of TransDigm Group in the 4th quarter worth about $26,000. ORG Partners LLC bought a new position in TransDigm Group during the first quarter valued at about $30,000. VisionPoint Advisory Group LLC purchased a new stake in TransDigm Group during the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

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 sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,833 shares of company stock worth $131,249,183. Company insiders own 4.96% of the company’s stock.

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.