TransDigm Group Incorporated (NYSE:TDG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $1,490.20.

A number of analysts have recently issued reports on TDG shares. Wall Street Zen raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Truist Financial dropped their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the transaction, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock valued at $208,099,857 over the last three months. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC increased its position in shares of TransDigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC increased its position in shares of TransDigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares during the period. Capital Advisors Ltd. LLC increased its position 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 valued at $30,000 after buying an additional 16 shares during the period. Saudi Central Bank purchased a new position in shares of TransDigm Group during the first quarter valued at about $30,000. Finally, Trust Co. of Vermont increased its position in shares of TransDigm Group by 150.0% during 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 during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 2.0%

TDG opened at $1,433.93 on Friday. The company has a 50 day moving average of $1,368.69 and a 200 day moving average of $1,327.40. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The company has a market cap of $80.54 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm earned $7.99 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that TransDigm Group will post 35.13 earnings per share 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.