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

TransDigm Group Incorporated (NYSE:TDG) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1,462.35.

Several analysts have issued reports on TDG shares. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd.

TransDigm Group Stock Performance

Shares of TDG opened at $1,362.91 on Friday. The firm has a market capitalization of $76.43 billion, a PE ratio of 48.07, a P/E/G ratio of 2.86 and a beta of 1.40. The stock has a 50 day simple moving average of $1,296.16 and a 200 day simple moving average of $1,315.82. TransDigm Group has a 52-week low of $1,100.86 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.16 earnings per share. Equities research analysts predict that TransDigm Group will post 34.11 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 owns 8,158 shares in the company, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock worth $112,769,801 over the last ninety days. Insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in shares of TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC increased its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the period. Institutional investors 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.