TransDigm Group (NYSE:TDG) Reaches New 1-Year High After Better-Than-Expected Earnings

TransDigm Group Incorporated (NYSE:TDG)’s share price reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $1,325.36 and last traded at $1,314.00, with a volume of 41776 shares traded. The stock had previously closed at $1,310.40.

The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.39 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TDG shares. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Wells Fargo & Company boosted their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, TD Cowen boosted their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,311.81.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 11 shares of company stock valued at $5,950 and have sold 59,088 shares valued at $69,841,110. Insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the 4th quarter valued at $25,000. ORG Partners LLC bought a new stake in shares of TransDigm Group during the 1st quarter valued at $30,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group during the 1st quarter valued at $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 0.3 %

The business has a 50-day moving average price of $1,222.89 and a two-hundred day moving average price of $1,087.09. The stock has a market capitalization of $73.34 billion, a P/E ratio of 55.98, a P/E/G ratio of 2.63 and a beta of 1.40.

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.