TransDigm Group (NYSE:TDG) Hits New 12-Month High at $1,434.46

TransDigm Group Incorporated (NYSE:TDG - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $1,434.46 and last traded at $1,429.29, with a volume of 15899 shares trading hands. The stock had previously closed at $1,427.13.

Wall Street Analyst Weigh In

TDG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a "buy" rating in a research note on Thursday, June 20th. Royal Bank of Canada restated an "outperform" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Truist Financial upped their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,438.24.

TransDigm Group Price Performance

The stock has a market cap of $80.48 billion, a price-to-earnings ratio of 56.90, a P/E/G ratio of 2.21 and a beta of 1.42. The stock's 50-day moving average is $1,316.70 and its 200 day moving average is $1,288.54.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm's revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.55 earnings per share. Analysts anticipate that TransDigm Group Incorporated will post 30.7 EPS for the current year.

TransDigm Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a $75.00 dividend. The ex-dividend date is Friday, October 4th. This is a boost from TransDigm Group's previous dividend of $32.50.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at $10,019,981.92. The sale was disclosed in a filing with the SEC, which is available at this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at $10,019,981.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,953,204. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,545 shares of company stock valued at $46,454,828. Corporate insiders own 4.96% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TDG. Fortitude Family Office LLC increased its stake in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock worth $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC purchased a new position in shares of TransDigm Group during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the 1st quarter worth approximately $39,000. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group during the 2nd quarter worth approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.