TransDigm Group (NYSE:TDG) Receives New Coverage from Analysts at Northcoast Research

Northcoast Research started coverage on shares of TransDigm Group (NYSE:TDG) in a research note issued on Thursday, Briefing.com reports. The brokerage set a “neutral” rating on the aerospace company’s stock.

A number of other research firms also recently commented on TDG. Barclays increased their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Stifel Nicolaus raised their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Susquehanna raised their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Thursday, June 27th. Finally, Wells Fargo & Company raised their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,417.69.

TransDigm Group Price Performance

Shares of TDG opened at $1,294.22 on Thursday. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57. The company has a 50 day simple moving average of $1,293.85 and a two-hundred day simple moving average of $1,227.58. The firm has a market cap of $72.42 billion, a P/E ratio of 51.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion during 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 company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.39 EPS. On average, sell-side analysts anticipate that TransDigm Group will post 30.21 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders have sold 105,905 shares of company stock worth $137,900,519 over the last quarter. Insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Large investors have recently modified their holdings of the business. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $26,000. Fortitude Family Office LLC lifted its holdings in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC acquired a new position in TransDigm Group in the first quarter valued at approximately $30,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.