TransDigm Group (NYSE:TDG) Hits New 1-Year High at $1,434.46

TransDigm Group Incorporated (NYSE:TDG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $1,434.46 and last traded at $1,429.29, with a volume of 15899 shares. The stock had previously closed at $1,427.13.

Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Truist Financial boosted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Stock Up 1.0 %

The company has a market capitalization of $80.85 billion, a PE ratio of 56.61, a PEG ratio of 2.21 and a beta of 1.42. The company has a 50-day moving average price of $1,313.75 and a two-hundred day moving average price of $1,286.70.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $6.55 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $75.00 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock worth $46,454,828 in the last three months. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its position in shares of TransDigm Group by 22.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock valued at $592,000 after purchasing an additional 110 shares during the last quarter. Rathbones Group PLC bought a new position in TransDigm Group during the fourth quarter valued at approximately $207,000. NEOS Investment Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $792,000. Rafferty Asset Management LLC lifted its holdings in shares of TransDigm Group by 7.1% in the 4th quarter. Rafferty Asset Management LLC now owns 10,123 shares of the aerospace company’s stock worth $10,240,000 after acquiring an additional 675 shares during the last quarter. Finally, Gardner Lewis Asset Management L P boosted its stake in shares of TransDigm Group by 6.2% in the 4th quarter. Gardner Lewis Asset Management L P now owns 8,408 shares of the aerospace company’s stock valued at $8,506,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 95.78% 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.