TransDigm Group (NYSE:TDG) Reaches New 1-Year High at $1,255.59

TransDigm Group Incorporated (NYSE:TDG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,255.59 and last traded at $1,246.49, with a volume of 26998 shares traded. The stock had previously closed at $1,242.40.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDG. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Truist Financial upped their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Citigroup upped their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. KeyCorp upped their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Susquehanna upped their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,170.27.

TransDigm Group Trading Up 1.3 %

The business has a 50-day moving average price of $1,200.78 and a 200 day moving average price of $1,057.32. The stock has a market cap of $69.92 billion, a PE ratio of 53.37, a PEG ratio of 2.53 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $4.15 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jorge Valladares sold 578 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jorge Valladares sold 578 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of institutional investors have recently added to or reduced their stakes in TDG. Wedge Capital Management L L P NC increased its stake in TransDigm Group by 2,361.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after acquiring an additional 75,784 shares during the last quarter. Townsquare Capital LLC increased its stake in TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after acquiring an additional 114 shares during the last quarter. Pacer Advisors Inc. increased its stake in TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after acquiring an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in TransDigm Group by 14.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after acquiring an additional 962 shares during the last quarter. Finally, Chicago Capital LLC increased its stake in TransDigm Group by 3.3% in the 4th quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after acquiring an additional 1,523 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.