TransDigm Group Incorporated (NYSE:TDG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,163.27.

A number of brokerages have recently weighed in on TDG. Truist Financial raised their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. KeyCorp raised their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Barclays lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Royal Bank of Canada lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group lifted their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday.

TransDigm Group Stock Up 0.2 %

Shares of TransDigm Group stock opened at $1,225.70 on Friday. The firm has a market cap of $68.16 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 2.46 and a beta of 1.42. The business has a 50-day moving average price of $1,189.68 and a 200-day moving average price of $1,042.37. TransDigm Group has a twelve month low of $741.74 and a twelve month high of $1,248.39.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.15 earnings per share. On average, equities analysts expect that TransDigm Group will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,105,728. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 over the last 90 days. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $26,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC bought a new position in TransDigm Group in the fourth quarter worth approximately $30,000. Finally, Optiver Holding B.V. bought a new position in TransDigm Group in the third quarter worth approximately $35,000. Institutional investors 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.