TransDigm Group (NYSE:TDG) Hits New 1-Year High at $1,372.76

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $1,372.76 and last traded at $1,371.56, with a volume of 82959 shares. The stock had previously closed at $1,333.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDG. TD Cowen upped their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. Susquehanna upped their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a "buy" rating in a research note on Thursday, June 20th. Stifel Nicolaus upped their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a research note on Friday, June 7th. Finally, Morgan Stanley upped their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,422.94.

TransDigm Group Price Performance

The business has a fifty day simple moving average of $1,271.09 and a 200 day simple moving average of $1,253.27. The firm has a market cap of $76.55 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 2.06 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $6.55 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.58 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,469,760. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock valued at $133,146,005 over the last quarter. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its position in TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company's stock worth $5,913,000 after acquiring an additional 762 shares during the period. Intech Investment Management LLC grew its position in TransDigm Group by 68.2% in the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company's stock worth $8,630,000 after acquiring an additional 3,458 shares during the period. Brevan Howard Capital Management LP purchased a new position in TransDigm Group in the fourth quarter worth approximately $1,909,000. Wealth Enhancement Advisory Services LLC grew its position in TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after acquiring an additional 567 shares during the period. Finally, UBS Group AG grew its position in TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company's stock worth $36,856,000 after acquiring an additional 3,120 shares during the period. 95.78% of the stock is currently owned by hedge funds and other 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.