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

Shares of TransDigm Group Incorporated (NYSE:TDG) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $1,451.94.

Several brokerages have weighed in on TDG. UBS Group lowered their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley increased their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company.

TransDigm Group Trading Up 1.7 %

Shares of TDG opened at $1,337.60 on Wednesday. TransDigm Group has a 12-month low of $874.95 and a 12-month high of $1,451.32. The firm has a 50-day moving average price of $1,368.32 and a 200 day moving average price of $1,314.53. The firm has a market capitalization of $75.05 billion, a P/E ratio of 49.49, a P/E/G ratio of 1.77 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm posted $6.55 earnings per share. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts predict that TransDigm Group will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 over the last 90 days. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its holdings in TransDigm Group by 0.9% during the third quarter. Oppenheimer & Co. Inc. now owns 1,803 shares of the aerospace company’s stock worth $2,573,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp purchased a new position in shares of TransDigm Group during the third quarter worth approximately $256,000. Souders Financial Advisors grew its position in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares during the last quarter. Haverford Trust Co grew its position in shares of TransDigm Group by 4.7% during the third quarter. Haverford Trust Co now owns 1,129 shares of the aerospace company’s stock worth $1,611,000 after acquiring an additional 51 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of TransDigm Group during the third quarter worth approximately $1,867,000. 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.