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

TransDigm Group Incorporated (NYSE:TDG) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1,477.18.

Several research firms recently commented on TDG. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Wells Fargo & Company boosted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 in the last three months. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of TransDigm Group during the 4th quarter valued at about $973,353,000. Proficio Capital Partners LLC lifted its holdings in 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 bought a new stake in TransDigm Group during the fourth quarter worth approximately $399,595,000. Windacre Partnership LLC grew its holdings in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 10.4% in the fourth 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 period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Down 0.5 %

TDG stock opened at $1,377.22 on Friday. The firm’s 50-day moving average is $1,343.19 and its two-hundred day moving average is $1,329.59. The company has a market capitalization of $77.24 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $7.16 earnings per share. On average, equities research analysts predict that TransDigm Group will post 35.13 earnings per share for the current year.

TransDigm Group Company Profile

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.