TransDigm Group (NYSE:TDG) Reaches New 52-Week High at $1,246.22

TransDigm Group Incorporated (NYSE:TDG - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $1,246.22 and last traded at $1,238.44, with a volume of 7022 shares traded. The stock had previously closed at $1,228.51.

Wall Street Analyst Weigh In

TDG has been the topic of several analyst reports. William Blair initiated coverage on TransDigm Group in a research report on Tuesday, December 12th. They set an "outperform" rating on the stock. Truist Financial lifted their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a "buy" rating in a report on Friday, February 9th. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Monday, February 12th. The Goldman Sachs Group lifted their price objective on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the company a "buy" rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 27th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,137.73.

TransDigm Group Trading Down 2.0 %

The company has a fifty day simple moving average of $1,166.98 and a two-hundred day simple moving average of $1,016.53. The company has a market cap of $66.97 billion, a PE ratio of 51.12, a P/E/G ratio of 2.45 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the business posted $4.15 EPS. The business's quarterly revenue was up 28.1% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sarah Wynne sold 5,850 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the sale, the chief financial officer now owns 700 shares of the company's stock, valued at $811,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransDigm Group news, CFO Sarah Wynne sold 5,850 shares of TransDigm Group stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the completion of the transaction, the chief financial officer now owns 700 shares in the company, valued at $811,300. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $21,872,297.40. The disclosure for this sale can be found here. Insiders have sold 91,480 shares of company stock valued at $100,102,829 over the last quarter. Company insiders own 4.96% of the company's stock.

Institutional Investors Weigh In On TransDigm Group

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

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.