Transdigm Group’s (TDG) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Transdigm Group (NYSE:TDG) in a report published on Friday morning,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Truist Financial cut their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Morgan Stanley cut their price target on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Susquehanna dropped their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,564.56.

Transdigm Group Trading Up 0.7%

NYSE TDG opened at $1,359.71 on Friday. The company has a market cap of $76.62 billion, a PE ratio of 45.13, a PEG ratio of 3.34 and a beta of 1.02. Transdigm Group has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock has a 50 day moving average of $1,316.00 and a 200-day moving average of $1,406.47.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $9.00 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts predict that Transdigm Group will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. This is an increase from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Insider Transactions at Transdigm Group

In related news, Director Michael Graff sold 1,760 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares of the company’s stock, valued at $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $1,279.59, for a total value of $3,838,770.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,606,524. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock worth $27,800,332 over the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TDG. Norges Bank acquired a new position in Transdigm Group in the second quarter valued at about $1,275,035,000. Vanguard Group Inc. raised its stake in Transdigm Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock valued at $10,178,995,000 after purchasing an additional 333,965 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Transdigm Group by 1,566.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company’s stock valued at $325,075,000 after purchasing an additional 200,949 shares in the last quarter. Nuveen LLC acquired a new position in Transdigm Group in the first quarter valued at about $168,048,000. Finally, Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group in the first quarter valued at about $157,890,000. Institutional investors and hedge funds 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.