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

TransDigm Group Incorporated (NYSE:TDG) has been given an average rating of “Moderate Buy” by the nineteen research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1,461.82.

Several equities analysts have issued reports on the company. UBS Group dropped their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Citigroup lowered their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

TransDigm Group Stock Up 1.6 %

NYSE TDG opened at $1,260.32 on Friday. The firm has a market cap of $70.87 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.19 and a beta of 1.43. TransDigm Group has a 52-week low of $949.99 and a 52-week high of $1,451.32. The business’s 50-day moving average price is $1,359.76 and its 200 day moving average price is $1,318.25.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently bought and sold shares of TDG. First Personal Financial Services bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group during the 3rd quarter worth $29,000. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the period. DT Investment Partners LLC lifted its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds 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.