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

Shares of TransDigm Group Incorporated (NYSE:TDG) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $1,465.47.

TDG has been the subject of several analyst reports. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. 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 report on Thursday, December 5th. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,525 shares of company stock valued at $84,362,871. 4.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDG. First Personal Financial Services acquired a new stake in TransDigm Group in the third quarter valued at $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the period. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in shares of TransDigm Group in the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Down 2.8 %

Shares of TDG opened at $1,239.00 on Thursday. The stock has a market capitalization of $69.67 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 2.89 and a beta of 1.39. TransDigm Group has a 12 month low of $972.08 and a 12 month high of $1,451.32. The firm has a fifty day simple moving average of $1,310.75 and a 200 day simple moving average of $1,311.69.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.