TransDigm Group Incorporated (NYSE:TDG) Receives $1,438.24 Average Price Target from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $1,438.24.

Several brokerages recently issued reports on TDG. Truist Financial increased their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Susquehanna upped their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th.

TransDigm Group Stock Performance

TDG opened at $1,373.19 on Tuesday. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,388.41. The firm has a 50 day moving average price of $1,283.91 and a 200 day moving average price of $1,270.47. The company has a market cap of $76.84 billion, a PE ratio of 54.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $6.55 earnings per share. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group will post 30.69 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in TransDigm Group in the 4th quarter valued at about $790,822,000. Capital World Investors raised its holdings in shares of 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 last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after buying an additional 192,962 shares during the period. Darsana Capital Partners LP bought a new position in TransDigm Group in the 2nd quarter worth approximately $210,806,000. Finally, Argent Capital Management LLC acquired a new stake in TransDigm Group in the 1st quarter valued at approximately $75,910,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.