TransDigm Group Incorporated Expected to Post Q3 2024 Earnings of $5.46 Per Share (NYSE:TDG)

TransDigm Group Incorporated (NYSE:TDG – Get Rating) – Investment analysts at Zacks Research cut their Q3 2024 EPS estimates for TransDigm Group in a research report issued on Tuesday, May 23rd. Zacks Research analyst A. Dutta now forecasts that the aerospace company will post earnings of $5.46 per share for the quarter, down from their prior estimate of $5.54. The consensus estimate for TransDigm Group’s current full-year earnings is $21.57 per share.

TransDigm Group (NYSE:TDG – Get Rating) last issued its earnings results on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $1.00. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. TransDigm Group had a negative return on equity of 34.11% and a net margin of 17.57%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 earnings per share.

A number of other research firms have also recently issued reports on TDG. Morgan Stanley boosted their price objective on TransDigm Group from $793.00 to $1,000.00 in a research report on Monday, May 15th. StockNews.com assumed coverage on shares of TransDigm Group in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Royal Bank of Canada increased their price objective on shares of TransDigm Group from $800.00 to $900.00 in a research report on Wednesday, May 10th. Wells Fargo & Company lifted their target price on TransDigm Group from $725.00 to $840.00 in a research report on Thursday, May 11th. Finally, Truist Financial raised their target price on shares of TransDigm Group from $840.00 to $870.00 in a research note on Wednesday, May 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $834.71.

TransDigm Group Trading Up 0.9 %

Shares of TransDigm Group stock opened at $786.71 on Thursday. The stock has a market cap of $43.21 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. TransDigm Group has a 52 week low of $499.63 and a 52 week high of $831.58. The company’s 50-day moving average price is $757.69 and its two-hundred day moving average price is $702.05.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of TransDigm Group by 29.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,932 shares of the aerospace company’s stock worth $3,113,000 after purchasing an additional 1,336 shares during the period. Edge Capital Group LLC lifted its stake in TransDigm Group by 116.0% in the fourth quarter. Edge Capital Group LLC now owns 108 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 58 shares during the last quarter. Toronto Dominion Bank boosted its stake in TransDigm Group by 2.8% in the third quarter. Toronto Dominion Bank now owns 23,944 shares of the aerospace company’s stock valued at $12,563,000 after acquiring an additional 659 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of TransDigm Group by 4.7% in the third quarter. Royal Bank of Canada now owns 36,133 shares of the aerospace company’s stock valued at $18,962,000 after purchasing an additional 1,635 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in TransDigm Group by 17.5% in the third quarter. Pathstone Family Office LLC now owns 2,398 shares of the aerospace company’s stock valued at $1,258,000 after buying an additional 358 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.

Insider Activity

In related news, CAO Sarah Wynne sold 180 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total value of $129,673.80. Following the completion of the transaction, the chief accounting officer now directly owns 700 shares in the company, valued at approximately $504,287. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Sarah Wynne sold 180 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total value of $129,673.80. Following the transaction, the chief accounting officer now owns 700 shares of the company’s stock, valued at $504,287. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $15,113,336.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,074 shares of company stock valued at $19,663,423. Insiders own 7.18% of the company’s stock.

About TransDigm Group

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.