Transdigm Group (NYSE:TDG) Issues Quarterly Earnings Results

Transdigm Group (NYSE:TDG) posted its quarterly earnings data on Tuesday. The aerospace company reported $8.23 earnings per share for the quarter, topping the consensus estimate of $7.99 by $0.24, FiscalAI reports. Transdigm Group had a net margin of 21.69% and a negative return on equity of 31.91%.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,435.37 on Tuesday. Transdigm Group has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The stock has a 50-day simple moving average of $1,360.65 and a 200 day simple moving average of $1,361.59. The stock has a market capitalization of $81.03 billion, a P/E ratio of 44.74, a PEG ratio of 3.13 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TDG. Royal Bank Of Canada boosted their target price on shares of Transdigm Group from $1,385.00 to $1,400.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. BMO Capital Markets upped their price target on Transdigm Group from $1,420.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Morgan Stanley raised their price target on Transdigm Group from $1,600.00 to $1,660.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Susquehanna cut their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Finally, Zacks Research raised Transdigm Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,597.00.

Insiders Place Their Bets

In other Transdigm Group news, COO Patrick Joseph Murphy sold 290 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $1,329.03, for a total transaction of $385,418.70. Following the transaction, the chief operating officer owned 1,055 shares in the company, valued at $1,402,126.65. This trade represents a 21.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 4,700 shares of Transdigm Group stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $1,290.19, for a total transaction of $6,063,893.00. Following the completion of the sale, the director owned 5,625 shares of the company’s stock, valued at $7,257,318.75. This trade represents a 45.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 194,195 shares of company stock worth $262,983,849. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

Several institutional investors and hedge funds have recently made changes to their positions in TDG. Wealth Watch Advisors INC bought a new stake in Transdigm Group during the third quarter worth $34,000. Seven Mile Advisory bought a new stake in shares of Transdigm Group in the 3rd quarter worth $200,000. CYBER HORNET ETFs LLC raised its holdings in shares of Transdigm Group by 6.1% in the third quarter. CYBER HORNET ETFs LLC now owns 156 shares of the aerospace company’s stock valued at $206,000 after purchasing an additional 9 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Transdigm Group during the third quarter valued at about $228,000. Finally, Dark Forest Capital Management LP bought a new stake in Transdigm Group in the 3rd quarter worth about $236,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.