Brokerages Set TransDigm Group Incorporated (NYSE:TDG) PT at $1,455.00

TransDigm Group Incorporated (NYSE:TDG) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $1,462.35.

A number of research firms have recently commented on TDG. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, KeyCorp boosted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

TransDigm Group Stock Up 2.1 %

Shares of TransDigm Group stock opened at $1,362.91 on Friday. TransDigm Group has a 12-month low of $1,100.86 and a 12-month high of $1,451.32. The company has a market capitalization of $76.43 billion, a price-to-earnings ratio of 48.07, a PEG ratio of 2.86 and a beta of 1.40. The firm’s 50-day moving average price is $1,296.16 and its two-hundred day moving average price is $1,315.82.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $7.16 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group will post 34.11 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The sale 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 TransDigm Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several large investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC grew its holdings in TransDigm Group by 24.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 666 shares of the aerospace company’s stock worth $844,000 after purchasing an additional 132 shares during the period. EntryPoint Capital LLC bought a new position in shares of TransDigm Group during the 4th quarter worth about $525,000. Dudley Capital Management LLC grew its stake in shares of TransDigm Group by 8.5% in the 4th quarter. Dudley Capital Management LLC now owns 230 shares of the aerospace company’s stock valued at $291,000 after buying an additional 18 shares during the period. Interchange Capital Partners LLC increased its position in TransDigm Group by 16.8% in the 4th quarter. Interchange Capital Partners LLC now owns 243 shares of the aerospace company’s stock valued at $308,000 after buying an additional 35 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after buying an additional 79,284 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.