TransDigm Group Incorporated (NYSE:TDG) Receives Average Rating of "Moderate Buy" from Analysts

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1,451.94.

A number of analysts have commented on TDG shares. Truist Financial upped their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Morgan Stanley raised their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a "neutral" rating on the stock. Finally, KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th.

TransDigm Group Trading Down 0.0 %

TransDigm Group stock traded down $0.57 during trading hours on Wednesday, hitting $1,335.60. 118,128 shares of the stock traded hands, compared to its average volume of 213,959. The company has a market cap of $74.94 billion, a PE ratio of 49.43, a PEG ratio of 1.84 and a beta of 1.43. The firm's 50-day moving average price is $1,367.99 and its two-hundred day moving average price is $1,310.78. TransDigm Group has a one year low of $817.62 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.55 EPS. On average, sell-side analysts expect that TransDigm Group will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $75.00 per share. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,944 shares of company stock valued at $35,823,485. Company insiders own 4.96% of the company's stock.

Institutional Trading of TransDigm Group

A number of hedge funds have recently modified their holdings of TDG. Pittenger & Anderson Inc. boosted its position in TransDigm Group by 16.4% in the 3rd quarter. Pittenger & Anderson Inc. now owns 9,261 shares of the aerospace company's stock worth $13,217,000 after purchasing an additional 1,304 shares in the last quarter. Geneva Partners LLC lifted its position in TransDigm Group by 0.7% in the third quarter. Geneva Partners LLC now owns 5,737 shares of the aerospace company's stock valued at $8,188,000 after buying an additional 38 shares during the last quarter. ASB Consultores LLC increased its position in shares of TransDigm Group by 6.3% during the third quarter. ASB Consultores LLC now owns 320 shares of the aerospace company's stock valued at $457,000 after acquiring an additional 19 shares during the last quarter. FSM Wealth Advisors LLC purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $232,000. Finally, Rational Advisors LLC lifted its holdings in shares of TransDigm Group by 41.7% in the 3rd quarter. Rational Advisors LLC now owns 1,700 shares of the aerospace company's stock worth $2,426,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 95.78% 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.