TransDigm Group Incorporated (NYSE:TDG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1,480.12.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Susquehanna increased their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Finally, Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new position in TransDigm Group in the 3rd quarter valued at about $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the fourth 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. Trust Co. of Vermont boosted its holdings in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in TransDigm Group during the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 9.1 %

Shares of TDG stock opened at $1,238.81 on Friday. The stock has a market cap of $69.48 billion, a P/E ratio of 43.70, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The business has a fifty day simple moving average of $1,343.93 and a 200-day simple moving average of $1,329.95.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm 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 anticipate that TransDigm Group will post 35.13 earnings per share for the current year.

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.