Brokerages Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,451.94

TransDigm Group Incorporated (NYSE:TDG) has received an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $1,451.94.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Susquehanna boosted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, UBS Group cut their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

TransDigm Group Trading Up 0.2 %

NYSE TDG opened at $1,304.50 on Wednesday. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 1.81 and a beta of 1.43. TransDigm Group has a twelve month low of $838.47 and a twelve month high of $1,451.32. The stock has a 50-day moving average of $1,367.83 and a 200 day moving average of $1,311.52.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.55 EPS. Equities analysts predict that TransDigm Group will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,944 shares of company stock worth $35,823,485. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sustainable Insight Capital Management LLC increased its holdings in TransDigm Group by 26.5% in the third quarter. Sustainable Insight Capital Management LLC now owns 2,623 shares of the aerospace company’s stock valued at $3,743,000 after buying an additional 549 shares during the last quarter. First Personal Financial Services purchased a new position in TransDigm Group in the third quarter valued at $29,000. Objective Capital Management LLC purchased a new position in TransDigm Group in the third quarter valued at $349,000. Lindbrook Capital LLC increased its holdings in TransDigm Group by 37.7% in the third quarter. Lindbrook Capital LLC now owns 223 shares of the aerospace company’s stock valued at $318,000 after buying an additional 61 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in TransDigm Group by 3.7% in the third quarter. Assetmark Inc. now owns 6,194 shares of the aerospace company’s stock valued at $8,839,000 after buying an additional 220 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.