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

TransDigm Group Incorporated (NYSE:TDG) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $1,414.06.

Several brokerages have recently weighed in on TDG. Robert W. Baird upped their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Barclays upped their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. UBS Group boosted their target price on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research note on Monday. Bank of America upped their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, TD Cowen boosted their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

Insider Activity at TransDigm Group

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

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its stake in TransDigm Group by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after purchasing an additional 8 shares during the period. Team Hewins LLC raised its stake in TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 8 shares during the last quarter. Souders Financial Advisors lifted its position in TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after acquiring an additional 8 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 9 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of TransDigm Group by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 9 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.5 %

Shares of NYSE:TDG opened at $1,284.39 on Thursday. The company has a market capitalization of $71.87 billion, a PE ratio of 50.95, a PEG ratio of 2.16 and a beta of 1.38. TransDigm Group has a 12-month low of $802.46 and a 12-month high of $1,369.57. The business has a 50 day moving average of $1,305.53 and a two-hundred day moving average of $1,190.82.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.39 EPS. Equities research analysts predict that TransDigm Group will post 30.04 earnings per share for the current fiscal 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.