TransDigm Group Incorporated (NYSE:TDG) Receives $1,422.94 Average Price Target from Analysts

Shares of TransDigm Group Incorporated (NYSE:TDG) have been given an average rating of “Moderate Buy” by the twenty analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $1,422.94.

Several equities analysts recently weighed in on TDG shares. Susquehanna lifted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Robert W. Baird lifted their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th.

Insider Buying and Selling at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,674,906.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. In the last three months, insiders sold 102,708 shares of company stock worth $133,146,005. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC purchased a new position in TransDigm Group during the first quarter worth about $30,000. Oakworth Capital Inc. acquired a new stake in TransDigm Group in the 4th quarter worth about $26,000. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in TransDigm Group in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.6 %

Shares of NYSE:TDG opened at $1,280.08 on Friday. The firm has a 50 day moving average of $1,271.32 and a 200 day moving average of $1,243.68. The company has a market capitalization of $71.63 billion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business posted $6.55 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts expect that TransDigm Group will post 30.58 EPS for the current year.

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.