TransDigm Group Incorporated (NYSE:TDG) Receives $1,020.80 Average PT from Brokerages

TransDigm Group Incorporated (NYSE:TDGGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1,020.80.

Several equities research analysts have issued reports on TDG shares. Morgan Stanley increased their target price on TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. William Blair started coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They issued an “outperform” rating on the stock. UBS Group started coverage on shares of TransDigm Group in a report on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd.

Get Our Latest Report on TDG

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $994.84, for a total transaction of $2,984,520.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,581,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director W Nicholas Howley sold 6,296 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $987.07, for a total transaction of $6,214,592.72. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $21,269,384.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $994.84, for a total transaction of $2,984,520.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $3,581,424. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,560 shares of company stock valued at $153,407,756. 7.18% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

A number of institutional investors have recently modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of TransDigm Group by 23.3% during the fourth quarter. Truist Financial Corp now owns 5,591 shares of the aerospace company’s stock worth $5,656,000 after purchasing an additional 1,057 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of TransDigm Group by 9.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,524 shares of the aerospace company’s stock worth $1,542,000 after purchasing an additional 136 shares during the period. Semanteon Capital Management LP purchased a new stake in shares of TransDigm Group during the fourth quarter worth about $684,000. State of New Jersey Common Pension Fund D lifted its holdings in TransDigm Group by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 31,071 shares of the aerospace company’s stock worth $31,431,000 after buying an additional 180 shares during the period. Finally, Syon Capital LLC lifted its holdings in TransDigm Group by 5.9% in the fourth quarter. Syon Capital LLC now owns 304 shares of the aerospace company’s stock worth $308,000 after buying an additional 17 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 0.9 %

TransDigm Group stock opened at $1,123.76 on Monday. The company has a market cap of $62.47 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.25 and a beta of 1.43. The business’s 50 day simple moving average is $1,014.14 and its 200 day simple moving average is $927.27. TransDigm Group has a 12 month low of $686.46 and a 12 month high of $1,129.42.

TransDigm Group (NYSE:TDGGet Free Report) last posted its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.93. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.74 earnings per share. As a group, equities research analysts forecast that TransDigm Group will post 30.07 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 20th were paid a dividend of $35.00 per share. This is a boost from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date was Friday, November 17th.

About TransDigm Group

(Get Free Report

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.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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