Transdigm Group (NYSE:TDG) Earns Buy (B) Rating from Weiss Ratings

Transdigm Group (NYSE:TDG)‘s stock had its “buy (b)” rating restated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

TDG has been the subject of a number of other reports. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. Jefferies Financial Group decreased their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Truist Financial cut their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Transdigm Group has an average rating of “Moderate Buy” and an average price target of $1,564.56.

Transdigm Group Trading Up 0.7%

Shares of NYSE:TDG opened at $1,359.71 on Friday. Transdigm Group has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company has a market capitalization of $76.62 billion, a PE ratio of 45.13, a PEG ratio of 3.32 and a beta of 1.02. The business has a 50 day moving average of $1,316.00 and a two-hundred day moving average of $1,404.63.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm posted $9.00 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts predict that Transdigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $27,988,050.76. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total value of $3,838,770.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,606,524. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock valued at $27,800,332 over the last ninety days. Company insiders own 4.09% of the company’s stock.

Institutional Trading of Transdigm Group

Several large investors have recently made changes to their positions in TDG. Norges Bank purchased a new stake in shares of Transdigm Group during the second quarter worth approximately $1,275,035,000. Vanguard Group Inc. grew its holdings in Transdigm Group by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock valued at $10,178,995,000 after buying an additional 333,965 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Transdigm Group by 1,566.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company’s stock valued at $325,075,000 after buying an additional 200,949 shares in the last quarter. Nuveen LLC purchased a new stake in Transdigm Group in the 1st quarter valued at $168,048,000. Finally, Bain Capital Public Equity Management II LLC purchased a new stake in Transdigm Group in the 1st quarter valued at $157,890,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.