TransDigm Group Incorporated (NYSE:TDG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1,461.82.

TDG has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th.

TransDigm Group Stock Performance

NYSE TDG opened at $1,252.97 on Friday. The business’s 50 day moving average price is $1,346.89 and its 200-day moving average price is $1,316.68. TransDigm Group has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32. The company has a market cap of $70.45 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

Hedge funds have recently modified their holdings of the stock. Bennett Selby Investments LP increased its stake in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 8 shares in the last quarter. Souders Financial Advisors increased its position in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 8 shares during the period. Prosperity Financial Group Inc. lifted its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in TransDigm Group by 1.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after purchasing an additional 9 shares during the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of TransDigm Group by 0.3% in the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.