TransDigm Group Incorporated (NYSE:TDG) Receives $1,020.80 Average Target Price from Analysts

Shares of TransDigm Group Incorporated (NYSE:TDGGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1,020.80.

A number of research firms recently weighed in on TDG. Royal Bank of Canada raised their target price on shares of TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a report on Friday, November 10th. UBS Group initiated coverage on shares of TransDigm Group in a research note on Tuesday, October 10th. They set a “neutral” rating and a $950.00 price objective for the company. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Truist Financial boosted their target price on shares of TransDigm Group from $1,044.00 to $1,158.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, KeyCorp initiated coverage on shares of TransDigm Group in a research note on Wednesday, January 17th. They set an “overweight” rating and a $1,180.00 target price for the company.

Check Out Our Latest Analysis on TransDigm Group

TransDigm Group Price Performance

TransDigm Group stock opened at $1,092.68 on Monday. The stock has a market cap of $60.74 billion, a P/E ratio of 49.62, a PEG ratio of 2.17 and a beta of 1.44. TransDigm Group has a 1 year low of $686.46 and a 1 year high of $1,100.00. The firm’s 50 day moving average price is $1,008.20 and its 200-day moving average price is $923.81.

TransDigm Group (NYSE:TDGGet Free Report) last posted its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $4.74 earnings per share. TransDigm Group’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, equities analysts expect that TransDigm Group will post 30.24 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 20th were issued a $35.00 dividend. The ex-dividend date of this dividend was Friday, November 17th. This is an increase from TransDigm Group’s previous special dividend of $22.00.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 39,558 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $965.20, for a total value of $38,181,381.60. Following the completion of the transaction, the director now directly owns 179,615 shares in the company, valued at $173,364,398. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,022.29, for a total transaction of $3,066,870.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $3,680,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 39,558 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $965.20, for a total value of $38,181,381.60. Following the sale, the director now owns 179,615 shares in the company, valued at approximately $173,364,398. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,560 shares of company stock worth $153,407,756. 7.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of TDG. Private Advisor Group LLC grew its stake in shares of TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after acquiring an additional 320 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after acquiring an additional 1,163 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after acquiring an additional 1,132 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of TransDigm Group by 7.3% during the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after acquiring an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About TransDigm Group

(Get Free Report

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.

Further Reading

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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