Q3 2024 EPS Estimates for TransDigm Group Incorporated (NYSE:TDG) Lifted by Analyst

TransDigm Group Incorporated (NYSE:TDG) – Equities research analysts at William Blair lifted their Q3 2024 earnings per share estimates for TransDigm Group in a research note issued to investors on Wednesday, June 26th. William Blair analyst L. Dipalma now anticipates that the aerospace company will earn $7.43 per share for the quarter, up from their prior forecast of $7.36. The consensus estimate for TransDigm Group’s current full-year earnings is $30.04 per share. William Blair also issued estimates for TransDigm Group’s FY2024 earnings at $29.37 EPS.

A number of other brokerages have also recently weighed in on TDG. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Thursday. Susquehanna lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Citigroup boosted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,410.13.

TransDigm Group Stock Performance

Shares of TDG opened at $1,277.61 on Friday. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,369.57. The firm has a market capitalization of $71.50 billion, a P/E ratio of 50.68, a P/E/G ratio of 2.18 and a beta of 1.39. The company has a 50-day simple moving average of $1,303.77 and a 200-day simple moving average of $1,185.66.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $5.39 EPS.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in shares of TransDigm Group during the first quarter valued at approximately $30,000. VisionPoint Advisory Group LLC bought a new stake in TransDigm Group during the fourth quarter worth $37,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after buying an additional 12 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders have sold 100,833 shares of company stock worth $131,249,183 in the last 90 days. Company insiders own 4.96% 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.