TransDigm Group Incorporated (NYSE:TDG) Given Consensus Recommendation of “Moderate Buy” by Analysts

TransDigm Group Incorporated (NYSE:TDG) has been given a consensus rating of “Moderate Buy” by the twenty research firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $1,438.24.

Several brokerages have weighed in on TDG. Jefferies Financial Group dropped their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Barclays raised their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Truist Financial raised their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

TransDigm Group Stock Performance

NYSE TDG opened at $1,302.77 on Tuesday. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,380.83. The firm has a 50-day moving average of $1,277.21 and a 200-day moving average of $1,264.72. The stock has a market cap of $73.10 billion, a PE ratio of 51.68, a P/E/G ratio of 2.04 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $6.55 EPS. The business’s revenue was up 17.3% on a year-over-year basis. As a group, analysts predict that TransDigm Group will post 30.69 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold a total of 59,283 shares of company stock worth $75,790,191 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors have recently added to or reduced their stakes in TDG. Norges Bank bought a new position in TransDigm Group during the fourth quarter valued at about $790,822,000. Capital World Investors grew its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the period. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Darsana Capital Partners LP purchased a new stake in TransDigm Group during the second quarter valued at about $210,806,000. Finally, Argent Capital Management LLC purchased a new stake in TransDigm Group during the first quarter valued at about $75,910,000. 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.