TransDigm Group (NYSE:TDG) Announces Earnings Results

TransDigm Group (NYSE:TDG) issued its earnings results on Tuesday. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84, Zacks reports. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. During the same quarter last year, the company posted $7.16 EPS.

TransDigm Group Price Performance

TDG opened at $1,353.03 on Tuesday. The stock has a market capitalization of $75.82 billion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 3.06 and a beta of 1.40. TransDigm Group has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The business has a 50-day moving average of $1,288.57 and a two-hundred day moving average of $1,312.92.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,525 shares of company stock valued at $112,769,801. Insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TDG shares. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. KeyCorp raised their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

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.