TransDigm Group (NYSE:TDG) Hits New 12-Month High at $1,248.39

Shares of TransDigm Group Incorporated (NYSE:TDG) reached a new 52-week high on Monday . The company traded as high as $1,248.39 and last traded at $1,241.60, with a volume of 5528 shares. The stock had previously closed at $1,220.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TDG shares. Truist Financial lifted their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Royal Bank of Canada lifted their target price 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. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, KeyCorp lifted their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,153.27.

TransDigm Group Trading Up 1.2 %

The firm has a market capitalization of $67.94 billion, a price-to-earnings ratio of 51.86, a P/E/G ratio of 2.46 and a beta of 1.42. The firm has a fifty day moving average price of $1,188.11 and a 200 day moving average price of $1,041.08.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.15 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of the business’s 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 value of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold 46,087 shares of company stock valued at $53,979,458 in the last three months. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of TransDigm Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,988,840 shares of the aerospace company’s stock valued at $6,058,311,000 after acquiring an additional 85,826 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after buying an additional 3,225,771 shares during the period. Capital World Investors grew its holdings in shares of TransDigm Group by 4.0% in the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after buying an additional 120,058 shares during the period. FMR LLC grew its holdings in shares of TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after buying an additional 136,834 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares during the period. Institutional investors own 95.78% of the company’s stock.

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.