TransDigm Group (NYSE:TDG) Receives New Coverage from Analysts at Northcoast Research

Northcoast Research initiated coverage on shares of TransDigm Group (NYSE:TDG) in a research note released on Thursday, Marketbeat reports. The brokerage issued a neutral rating on the aerospace company’s stock.

A number of other research analysts have also issued reports on the company. Truist Financial increased their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a buy rating in a research report on Wednesday, July 17th. TD Cowen boosted their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Robert W. Baird raised their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft lifted their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a buy rating in a research note on Thursday, June 20th. Finally, Susquehanna lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a neutral rating in a research note on Wednesday, May 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $1,417.69.

TransDigm Group Stock Performance

TransDigm Group stock traded down $61.03 during midday trading on Thursday, hitting $1,207.01. 94,973 shares of the company were exchanged, compared to its average volume of 222,305. TransDigm Group has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The firm has a market capitalization of $67.54 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. The business has a fifty day simple moving average of $1,292.59 and a two-hundred day simple moving average of $1,227.86.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $5.39 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts expect that TransDigm Group will post 30.21 earnings per share for the current year.

Insider Activity

In related 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 document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total transaction of $12,928,900.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,547,396.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock valued at $137,900,519 in the last quarter. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TDG. Whittier Trust Co. of Nevada Inc. increased its position in shares of TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares in the last quarter. Team Hewins LLC raised its position in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 8 shares during the last quarter. Souders Financial Advisors boosted its stake in TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares during the period. Bennett Selby Investments LP increased its stake in TransDigm Group by 2.4% in the second 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 during the period. Finally, Coldstream Capital Management Inc. increased its stake in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 9 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.