TransDigm Group Incorporated (NYSE:TDG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of TransDigm Group Incorporated (NYSE:TDG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1,472.47.

TDG has been the topic of a number of recent research reports. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Citigroup raised 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. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Barclays reissued 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. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction 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 transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,647 shares of company stock worth $155,847,223 in the last quarter. Company insiders own 4.09% of the company's stock.

Hedge Funds Weigh In On TransDigm Group

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors increased its stake in TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after buying an additional 155,541 shares in the last quarter. State Street Corp raised its holdings in TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock valued at $3,181,357,000 after acquiring an additional 29,489 shares during the period. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $14.59 during trading on Tuesday, hitting $1,364.40. The company's stock had a trading volume of 61,854 shares, compared to its average volume of 252,589. TransDigm Group has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The company has a market capitalization of $76.52 billion, a PE ratio of 48.13, a P/E/G ratio of 2.76 and a beta of 1.40. The company has a fifty day simple moving average of $1,316.62 and a two-hundred day simple moving average of $1,325.91.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts predict that TransDigm Group will post 35.13 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.