TransDigm Group Incorporated (NYSE:TDG) Receives $1,461.82 Average PT from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $1,461.82.

TDG has been the topic of several research analyst reports. Citigroup reduced their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Susquehanna lifted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the 3rd quarter worth $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the third quarter valued at about $29,000. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. Finally, DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.0 %

Shares of NYSE:TDG opened at $1,261.06 on Friday. The company has a 50-day moving average price of $1,355.24 and a 200-day moving average price of $1,317.52. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. TransDigm Group has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.