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

TransDigm Group Incorporated (NYSE:TDG) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1,461.82.

Several research analysts have recently weighed in on TDG shares. KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. This represents a 45.45 % 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, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC grew its position in TransDigm Group by 31.2% in the first quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock valued at $486,000 after purchasing an additional 94 shares in the last quarter. Ascent Group LLC raised its position in shares of TransDigm Group by 2.3% in the first quarter. Ascent Group LLC now owns 992 shares of the aerospace company’s stock valued at $1,222,000 after buying an additional 22 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $12,740,000. Kennedy Capital Management LLC bought a new stake in shares of TransDigm Group in the first quarter valued at approximately $5,706,000. Finally, Iron Gate Global Advisors LLC acquired a new stake in TransDigm Group during the first quarter worth approximately $234,000. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

Shares of TDG opened at $1,260.32 on Friday. The stock has a market capitalization of $70.87 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.19 and a beta of 1.43. TransDigm Group has a 12-month low of $949.99 and a 12-month high of $1,451.32. The firm’s 50 day moving average is $1,359.76 and its 200-day moving average is $1,318.25.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

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.