Transdigm Group (NYSE:TDG) Receives Sector Perform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Sector Perform” rating on TransDigm and set a $1,350 price target, implying roughly 24.45% upside from the current price.
• TransDigm shares opened at $1,084.80, near their 12-month low, while analysts maintain a consensus “Hold” rating and an average price target of $1,454.87.
• The company exceeded quarterly expectations with $10.87 in earnings per share and $2.74 billion in revenue, up 22.5% year over year; meanwhile, insiders sold approximately $43 million of stock over the past 90 days.

Transdigm Group (NYSE:TDG - Get Free Report)'s stock had its "sector perform" rating reiterated by research analysts at Royal Bank Of Canada in a research note issued on Wednesday, Benzinga reports. They currently have a $1,350.00 price target on the aerospace company's stock. Royal Bank Of Canada's price target would suggest a potential upside of 24.45% from the stock's current price.

A number of other equities research analysts have also recently issued reports on TDG. Weiss Ratings reissued a "hold (c)" rating on shares of Transdigm Group in a research note on Friday, August 28th. BMO Capital Markets increased their price objective on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a "neutral" rating in a research report on Monday, June 15th. Stifel Nicolaus reissued a "hold" rating and set a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Transdigm Group has a consensus rating of "Hold" and an average price target of $1,454.87.

Transdigm Group Trading Down 2.4%

NYSE TDG opened at $1,084.80 on Wednesday. The stock has a market capitalization of $60.67 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.84 and a beta of 0.91. The stock has a 50-day moving average of $1,213.59 and a 200 day moving average of $1,228.29. Transdigm Group has a twelve month low of $1,082.40 and a twelve month high of $1,463.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating the consensus estimate of $10.30 by $0.57. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.Transdigm Group's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities analysts predict that Transdigm Group will post 38.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,900 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,459,536. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W. Howley sold 10,132 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $26,639,361.44. The trade was a 31.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,296 shares of company stock valued at $43,048,156 over the last ninety days. Corporate insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On Transdigm Group

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Transdigm Group during the 2nd quarter worth about $6,489,039,000. Norges Bank acquired a new stake in Transdigm Group in the fourth quarter valued at $1,025,591,000. Stockbridge Partners LLC purchased a new stake in Transdigm Group during the 2nd quarter worth about $578,480,000. Primecap Management Co. CA purchased a new position in shares of Transdigm Group in the 2nd quarter valued at about $546,425,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Transdigm Group during the 2nd quarter worth about $522,754,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Company Profile

TransDigm Group Incorporated NYSE: TDG designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.

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