TransDigm Group Incorporated (NYSE:TDG) Receives $1,455.00 Consensus PT from Brokerages

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $1,462.35.

Several research firms have commented on TDG. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Finally, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,525 shares of company stock valued at $112,769,801 in the last three months. Company insiders own 4.09% of the company's stock.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new stake in shares of TransDigm Group in the 4th quarter worth approximately $3,048,000. Axxcess Wealth Management LLC lifted its stake in TransDigm Group by 93.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 469 shares of the aerospace company's stock worth $594,000 after purchasing an additional 226 shares during the last quarter. Parallel Advisors LLC boosted its position in TransDigm Group by 85.8% during the fourth quarter. Parallel Advisors LLC now owns 862 shares of the aerospace company's stock valued at $1,093,000 after buying an additional 398 shares during the period. Cibc World Markets Corp grew its stake in shares of TransDigm Group by 16.6% during the fourth quarter. Cibc World Markets Corp now owns 8,863 shares of the aerospace company's stock valued at $11,232,000 after buying an additional 1,262 shares during the last quarter. Finally, Glenview Trust co increased its stake in TransDigm Group by 46.2% in the 4th quarter. Glenview Trust co now owns 1,231 shares of the aerospace company's stock worth $1,560,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Up 0.5 %

TransDigm Group stock traded up $7.01 during trading on Friday, hitting $1,334.35. 199,180 shares of the company were exchanged, compared to its average volume of 261,161. The company has a market capitalization of $74.83 billion, a P/E ratio of 47.07, a PEG ratio of 2.86 and a beta of 1.40. The business's 50 day moving average is $1,294.68 and its 200 day moving average is $1,315.07. TransDigm Group has a 52 week low of $1,100.86 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 EPS. The business's revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that TransDigm Group will post 34.11 EPS for the current year.

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.