TransDigm Group (NYSE:TDG) Sets New 52-Week High on Analyst Upgrade

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) reached a new 52-week high during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $1,050.00 to $1,175.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. TransDigm Group traded as high as $1,238.95 and last traded at $1,234.18, with a volume of 15954 shares trading hands. The stock had previously closed at $1,233.80.

Other equities analysts have also recently issued research reports about the company. Truist Financial raised their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a "buy" rating in a report on Friday, February 9th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 19th. William Blair began coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They issued an "outperform" rating for the company. Susquehanna raised their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Finally, KeyCorp increased their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,119.00.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the firm's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $21,872,297.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $21,872,297.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total transaction of $3,066,870.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $3,680,244. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,480 shares of company stock worth $100,102,829. Insiders own 4.96% of the company's stock.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Private Advisor Group LLC lifted its position in TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company's stock valued at $628,000 after purchasing an additional 183 shares in the last quarter. Acadian Asset Management LLC raised its stake in TransDigm Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company's stock worth $519,000 after acquiring an additional 320 shares during the period. Panagora Asset Management Inc. lifted its holdings in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company's stock valued at $1,523,000 after purchasing an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TransDigm Group by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company's stock worth $103,790,000 after purchasing an additional 1,132 shares during the period. Finally, Sei Investments Co. increased its stake in shares of TransDigm Group by 7.3% in the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company's stock worth $19,373,000 after purchasing an additional 2,020 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Performance

The company's 50-day moving average price is $1,151.05 and its 200 day moving average price is $1,004.27. The stock has a market capitalization of $68.48 billion, a P/E ratio of 52.28, a P/E/G ratio of 2.56 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm's revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business posted $4.15 earnings per share. Analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

TransDigm Group Company Profile

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.