TransDigm Group Incorporated (NYSE:TDG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $1,477.18.

TDG has been the topic of a number of analyst reports. 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 research note on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,594 shares of company stock valued at $165,646,468. Company insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in TransDigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. Capital World Investors boosted its position in shares of TransDigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after buying an additional 155,541 shares during the period. State Street Corp grew its holdings in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. increased its position in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. raised its stake in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,377.22 on Friday. The business has a 50-day moving average of $1,343.19 and a two-hundred day moving average of $1,329.59. The firm has a market capitalization of $77.24 billion, a PE ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

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

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.