TransDigm Group Incorporated (NYSE:TDG) Receives $1,472.47 Average PT from Brokerages

TransDigm Group Incorporated (NYSE:TDG) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $1,472.47.

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th.

TransDigm Group Stock Down 2.2 %

NYSE:TDG opened at $1,344.37 on Tuesday. TransDigm Group has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The firm has a 50 day moving average of $1,318.97 and a 200 day moving average of $1,326.39. The stock has a market capitalization of $75.40 billion, a price-to-earnings ratio of 47.42, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted 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 business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $7.16 earnings per share. As a group, analysts expect that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,647 shares of company stock worth $155,847,223. 4.09% of the stock is owned by company insiders.

Institutional Trading of TransDigm Group

Several institutional investors have recently modified their holdings of TDG. Farther Finance Advisors LLC grew its position in shares of TransDigm Group by 10.0% in the third quarter. Farther Finance Advisors LLC now owns 187 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 17 shares during the period. Optas LLC acquired a new stake in shares of TransDigm Group in the third quarter valued at about $211,000. Janney Montgomery Scott LLC grew its position in shares of TransDigm Group by 6.6% in the third quarter. Janney Montgomery Scott LLC now owns 12,745 shares of the aerospace company’s stock valued at $18,189,000 after purchasing an additional 786 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of TransDigm Group in the third quarter valued at about $360,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of TransDigm Group by 54.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 11,709 shares of the aerospace company’s stock worth $16,710,000 after buying an additional 4,121 shares in the last quarter. Institutional investors and hedge funds 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.