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

TransDigm Group Incorporated (NYSE:TDG) has received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1,472.47.

A number of research firms recently weighed in on TDG. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd.

TransDigm Group Price Performance

NYSE:TDG opened at $1,369.82 on Tuesday. The firm has a market capitalization of $76.83 billion, a price-to-earnings ratio of 48.32, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The business has a fifty day moving average price of $1,315.70 and a 200-day moving average price of $1,325.43. TransDigm Group has a one year low of $1,136.27 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts expect that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,647 shares of company stock valued at $155,847,223. Corporate insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds have recently added to or reduced their stakes in the business. Souders Financial Advisors raised its holdings in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. grew its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after acquiring an additional 8 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after acquiring an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.