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

Shares of TransDigm Group Incorporated (NYSE:TDG) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1,462.35.

TDG has been the subject of several recent analyst reports. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a 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 Buying and Selling

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on 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 sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,525 shares of company stock worth $139,851,401. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds have recently modified their holdings of TDG. Norges Bank acquired a new position in TransDigm Group in the fourth quarter valued at about $973,353,000. Proficio Capital Partners LLC raised its stake in shares of TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in shares of TransDigm Group in the 4th quarter worth approximately $399,595,000. Windacre Partnership LLC boosted its position in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 1.2 %

TDG stock opened at $1,337.25 on Friday. TransDigm Group has a 52-week low of $1,128.51 and a 52-week high of $1,451.32. The firm has a market cap of $74.99 billion, a P/E ratio of 47.17, a PEG ratio of 2.86 and a beta of 1.40. The company’s 50-day simple moving average is $1,299.18 and its 200-day simple moving average is $1,316.98.

TransDigm Group (NYSE:TDG) last issued its quarterly 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.16 earnings per share. On average, analysts anticipate that TransDigm Group will post 34.11 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.