TransDigm Group (NYSE:TDG) Hits New 1-Year High at $1,388.41

TransDigm Group Incorporated (NYSE:TDG) shares hit a new 52-week high on Monday . The company traded as high as $1,388.41 and last traded at $1,380.46, with a volume of 12677 shares trading hands. The stock had previously closed at $1,367.76.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Susquehanna raised their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. 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 on the stock in a research note on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Down 0.0 %

The firm’s fifty day moving average is $1,281.89 and its two-hundred day moving average is $1,269.09. The firm has a market cap of $76.50 billion, a P/E ratio of 54.25, a PEG ratio of 2.12 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for 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%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.55 EPS. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its holdings in shares of TransDigm Group by 20.1% during the 4th quarter. QRG Capital Management Inc. now owns 513 shares of the aerospace company’s stock valued at $519,000 after acquiring an additional 86 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of TransDigm Group by 6.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,264 shares of the aerospace company’s stock valued at $8,361,000 after purchasing an additional 506 shares during the last quarter. Great Lakes Advisors LLC lifted its position in TransDigm Group by 49.3% during the fourth quarter. Great Lakes Advisors LLC now owns 1,892 shares of the aerospace company’s stock valued at $1,914,000 after purchasing an additional 625 shares during the period. Brown Advisory Inc. boosted its holdings in TransDigm Group by 1.4% in the fourth quarter. Brown Advisory Inc. now owns 16,344 shares of the aerospace company’s stock worth $16,534,000 after purchasing an additional 230 shares during the last quarter. Finally, ING Groep NV grew its position in TransDigm Group by 351.5% in the 4th quarter. ING Groep NV now owns 14,573 shares of the aerospace company’s stock worth $14,742,000 after purchasing an additional 11,345 shares during the period. 95.78% of the stock is currently owned by institutional investors.

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.