TransDigm Group Incorporated (NYSE:TDG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $1,163.27.

Several research analysts have weighed in on the stock. KeyCorp upped their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Citigroup upped their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Susquehanna upped their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th.

TransDigm Group Trading Up 0.2 %

Shares of TDG opened at $1,225.70 on Friday. The firm’s 50-day moving average is $1,189.68 and its two-hundred day moving average is $1,042.37. TransDigm Group has a twelve month low of $741.74 and a twelve month high of $1,248.39. The firm has a market capitalization of $68.16 billion, a P/E ratio of 52.02, a PEG ratio of 2.46 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business posted $4.15 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. Analysts predict that TransDigm Group will post 29.03 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock valued at $69,840,358 over the last quarter. Company insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently made changes to their positions in the business. Red Door Wealth Management LLC increased its position in shares of TransDigm Group by 5.2% in the first quarter. Red Door Wealth Management LLC now owns 6,757 shares of the aerospace company’s stock worth $8,322,000 after acquiring an additional 332 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of TransDigm Group in the first quarter worth $325,000. Pinnacle Bancorp Inc. increased its position in shares of TransDigm Group by 47.6% in the first quarter. Pinnacle Bancorp Inc. now owns 183 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 59 shares in the last quarter. Chesley Taft & Associates LLC acquired a new stake in shares of TransDigm Group in the first quarter worth $1,984,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in TransDigm Group by 10.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,331 shares of the aerospace company’s stock valued at $4,102,000 after purchasing an additional 315 shares in the last quarter. 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.