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

TransDigm Group Incorporated (NYSE:TDG) has received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1,480.12.

A number of research analysts recently issued reports on TDG shares. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Finally, Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

TransDigm Group Stock Down 9.1 %

NYSE:TDG opened at $1,238.81 on Friday. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a fifty day simple moving average of $1,343.93 and a two-hundred day simple moving average of $1,329.95. The company has a market cap of $69.48 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.16 EPS. On average, analysts expect that TransDigm Group will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC boosted its position in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth $399,595,000. Windacre Partnership LLC increased its holdings in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 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.