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

Shares of TransDigm Group Incorporated (NYSE:TDGGet Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1,505.23.

Several analysts have weighed in on the stock. UBS Group boosted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Susquehanna upped their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Truist Financial cut their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th.

Read Our Latest Stock Analysis on TransDigm Group

TransDigm Group Stock Down 0.2%

TransDigm Group stock opened at $1,429.79 on Thursday. TransDigm Group has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a 50 day moving average price of $1,390.36 and a 200-day moving average price of $1,340.80. The company has a market capitalization of $80.31 billion, a P/E ratio of 50.43, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.99 EPS. Equities analysts expect that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director now directly owns 33,713 shares in the company, valued at $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 49,241 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,713 shares of company stock worth $126,128,237. Insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

Several large investors have recently modified their holdings of TDG. Bruce G. Allen Investments LLC lifted its stake in shares of TransDigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC increased its stake in TransDigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after buying an additional 7 shares during the period. Saudi Central Bank acquired a new position in TransDigm Group during the 1st quarter worth $30,000. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in TransDigm Group during the 4th quarter worth $32,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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