Q4 2024 Earnings Estimate for TransDigm Group Incorporated Issued By William Blair (NYSE:TDG)

TransDigm Group Incorporated (NYSE:TDG - Free Report) - Investment analysts at William Blair increased their Q4 2024 earnings per share (EPS) estimates for TransDigm Group in a report issued on Wednesday, June 26th. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $8.29 for the quarter, up from their prior forecast of $8.03. The consensus estimate for TransDigm Group's current full-year earnings is $30.04 per share. William Blair also issued estimates for TransDigm Group's FY2025 earnings at $36.29 EPS.

TDG has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Thursday. Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a report on Friday, June 7th. Barclays boosted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Monday, May 13th. The Goldman Sachs Group boosted their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Finally, KeyCorp boosted their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 28th. Six 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.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,414.06.

TransDigm Group Stock Performance

NYSE TDG traded down $24.89 during trading on Monday, reaching $1,252.72. 299,057 shares of the company traded hands, compared to its average volume of 222,993. The stock's 50 day moving average price is $1,303.77 and its two-hundred day moving average price is $1,186.89. The company has a market cap of $70.10 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 2.16 and a beta of 1.38. TransDigm Group has a 1-year low of $802.46 and a 1-year high of $1,369.57.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts' consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.39 earnings per share.

Institutional Trading of TransDigm Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of TransDigm Group by 11.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,819 shares of the aerospace company's stock worth $1,534,000 after purchasing an additional 189 shares in the last quarter. Bank of Nova Scotia lifted its stake in TransDigm Group by 19.4% in the third quarter. Bank of Nova Scotia now owns 5,110 shares of the aerospace company's stock valued at $4,308,000 after acquiring an additional 830 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in TransDigm Group by 14.4% in the third quarter. Glenmede Trust Co. NA now owns 2,626 shares of the aerospace company's stock valued at $2,214,000 after acquiring an additional 330 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in TransDigm Group by 48.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 51,894 shares of the aerospace company's stock valued at $43,753,000 after acquiring an additional 16,900 shares during the last quarter. Finally, Element Capital Management LLC acquired a new stake in TransDigm Group in the third quarter valued at $4,551,000. Institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 30,000 shares of the company's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the completion of the transaction, the director now directly owns 112,381 shares of the company's stock, valued at approximately $148,776,710.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,674,906.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 30,000 shares of the company's stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the completion of the transaction, the director now directly owns 112,381 shares of the company's stock, valued at $148,776,710.66. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock worth $131,249,183 in the last quarter. Corporate insiders own 4.96% of the company's stock.

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.