FY2024 EPS Estimates for TransDigm Group Incorporated (NYSE:TDG) Increased by Analyst

TransDigm Group Incorporated (NYSE:TDG) – Investment analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for TransDigm Group in a research note issued on Thursday, June 27th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $29.57 for the year, up from their prior forecast of $29.54. The consensus estimate for TransDigm Group’s current full-year earnings is $30.04 per share. Zacks Research also issued estimates for TransDigm Group’s Q4 2024 earnings at $8.66 EPS.

A number of other equities research analysts have also issued reports on the company. KeyCorp raised their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. UBS Group boosted their target price on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a research note on Monday. TD Cowen upped their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Bank of America upped their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,414.06.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,278.10 on Monday. The firm has a market capitalization of $71.52 billion, a PE ratio of 50.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. The business has a 50 day simple moving average of $1,304.81 and a two-hundred day simple moving average of $1,188.76. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business earned $5.39 EPS.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA purchased a new stake in TransDigm Group during the 4th quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of TransDigm Group in the 1st quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group in the 4th quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new position in TransDigm Group in the 1st quarter worth $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock valued at $131,249,183 over the last quarter. 4.96% of the stock is owned by corporate insiders.

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.