Shares of TransDigm Group Incorporated (NYSE:TDG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1,465.47.
A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd.
Get Our Latest Stock Analysis on TDG
Insiders Place Their Bets
In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. 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 stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,525 shares of company stock worth $84,362,871. Insiders own 4.96% of the company's stock.
Institutional Trading of TransDigm Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc grew its stake in TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares during the period. Swiss National Bank grew its position in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after acquiring an additional 7,947 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of TransDigm Group by 76.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,153 shares of the aerospace company's stock valued at $2,751,000 after acquiring an additional 931 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.
TransDigm Group Trading Up 1.7 %
TDG traded up $21.12 on Thursday, hitting $1,260.12. 445,395 shares of the company were exchanged, compared to its average volume of 231,864. TransDigm Group has a twelve month low of $972.08 and a twelve month high of $1,451.32. The company has a market cap of $70.86 billion, a price-to-earnings ratio of 49.22, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The firm has a 50-day moving average price of $1,310.75 and a two-hundred day moving average price of $1,311.69.
TransDigm Group Increases Dividend
The business also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group's previous special dividend of $32.50.
About TransDigm Group
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Get Free ReportTransDigm 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.
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