TransDigm Group Incorporated (NYSE:TDG) Receives $1,455.00 Average PT from Brokerages

TransDigm Group Incorporated (NYSE:TDG) has received an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $1,462.35.

TDG has been the topic of several recent research reports. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. KeyCorp lifted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th.

TransDigm Group Price Performance

NYSE TDG opened at $1,337.25 on Friday. The company has a market cap of $74.99 billion, a P/E ratio of 47.17, a P/E/G ratio of 2.86 and a beta of 1.40. The stock has a 50-day moving average of $1,299.18 and a two-hundred day moving average of $1,316.98. TransDigm Group has a 1-year low of $1,128.51 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.16 earnings per share. On average, analysts anticipate that TransDigm Group will post 34.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at $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 three months, insiders have sold 109,525 shares of company stock valued at $139,851,401. Insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its position in TransDigm Group by 0.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 21,370 shares of the aerospace company’s stock worth $27,050,000 after buying an additional 79 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in TransDigm Group by 6.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 152,725 shares of the aerospace company’s stock worth $193,545,000 after purchasing an additional 8,979 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in TransDigm Group in the fourth quarter valued at about $4,306,000. Marshall Wace LLP boosted its holdings in TransDigm Group by 343.2% in the 4th quarter. Marshall Wace LLP now owns 97,858 shares of the aerospace company’s stock valued at $124,013,000 after purchasing an additional 75,780 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in TransDigm Group by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 1,489 shares of the aerospace company’s stock valued at $1,887,000 after purchasing an additional 64 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.