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

Shares of TransDigm Group Incorporated (NYSE:TDG) have been assigned a consensus 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 rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $1,472.47.

TDG has been the topic of a number of analyst reports. Citigroup increased 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 research report on Thursday, December 5th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,647 shares of company stock valued at $155,847,223. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after buying an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. raised its stake in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Finally, Swiss National Bank raised its stake in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.4 %

TransDigm Group stock opened at $1,339.77 on Tuesday. The stock has a market cap of $75.14 billion, a P/E ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The company’s 50-day moving average price is $1,319.94 and its two-hundred day moving average price is $1,326.72.

TransDigm Group (NYSE:TDG) last announced its 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

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.