Transdigm Group Incorporated (NYSE:TDG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Transdigm Group Incorporated (NYSE:TDG) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $1,505.23.

Several equities research analysts recently weighed in on TDG shares. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Truist Financial reduced their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. UBS Group upped their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Susquehanna upped their price target on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd.

Transdigm Group Trading Down 0.8%

TDG stock opened at $1,413.92 on Thursday. The firm has a market cap of $79.42 billion, a PE ratio of 47.74, a PEG ratio of 3.04 and a beta of 1.05. Transdigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The company has a fifty day simple moving average of $1,406.28 and a 200 day simple moving average of $1,346.75.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $7.99 earnings per share. As a group, analysts forecast that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 3,300 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,010,072.40. This trade represents a 20.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,149 shares of company stock worth $198,378,957. 4.09% of the stock is currently owned by company insiders.

Institutional Trading of Transdigm Group

Several institutional investors have recently made changes to their positions in TDG. GAMMA Investing LLC raised its stake in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares in the last quarter. Norges Bank bought a new stake in shares of Transdigm Group in the 4th quarter worth about $973,353,000. Proficio Capital Partners LLC grew its holdings 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 worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC acquired a new stake in shares of Transdigm Group during the 4th quarter worth about $399,595,000. Finally, JPMorgan Chase & Co. lifted its holdings in Transdigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. 95.78% of the stock is currently 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.