Transdigm Group (NYSE:TDG) Reaches New 12-Month High Following Analyst Upgrade

Transdigm Group Incorporated (NYSE:TDG)’s stock price hit a new 52-week high during mid-day trading on Monday after Citigroup raised their price target on the stock from $1,635.00 to $1,795.00. Citigroup currently has a buy rating on the stock. Transdigm Group traded as high as $1,553.85 and last traded at $1,544.06, with a volume of 175320 shares trading hands. The stock had previously closed at $1,539.53.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective for the company. Wells Fargo & Company upped their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. The Goldman Sachs Group lifted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Truist Financial boosted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Transdigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,594.80.

Insider Transactions at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at $31,801,615.80. This trade represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director owned 33,713 shares of the company’s stock, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,413 shares of company stock worth $172,987,751. 4.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bruce G. Allen Investments LLC boosted its holdings in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC boosted its stake in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 7 shares during the period. Saudi Central Bank purchased a new position in Transdigm Group during the 1st quarter valued at about $30,000. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the fourth quarter valued at about $32,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after buying an additional 21 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Stock Up 0.1%

The business’s 50-day moving average price is $1,459.18 and its 200 day moving average price is $1,378.07. The company has a market capitalization of $88.56 billion, a P/E ratio of 53.23, a price-to-earnings-growth ratio of 3.18 and a beta of 1.04.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $7.99 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.