TransDigm Group (NYSE:TDG) Sets New 12-Month High at $1,248.39

TransDigm Group Incorporated (NYSE:TDG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1,248.39 and last traded at $1,241.60, with a volume of 5528 shares. The stock had previously closed at $1,220.38.

Analyst Ratings Changes

A number of research analysts recently issued reports on TDG shares. Stifel Nicolaus lifted their target price on TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a "hold" rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a research report on Wednesday, March 27th. Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a "neutral" rating in a research report on Friday, February 9th. Barclays increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. Finally, KeyCorp increased their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,137.73.

TransDigm Group Stock Performance

The stock has a 50 day moving average of $1,185.05 and a two-hundred day moving average of $1,035.89. The firm has a market capitalization of $67.15 billion, a P/E ratio of 51.80, a P/E/G ratio of 2.49 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts' consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $4.15 EPS. Sell-side analysts predict that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 9,381 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,165.00, for a total value of $10,928,865.00. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $25,103,420. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TransDigm Group news, CFO Sarah Wynne sold 5,850 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,159.00, for a total value of $6,780,150.00. Following the transaction, 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 is available through the SEC website. Also, Director W Nicholas Howley sold 9,381 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,165.00, for a total value of $10,928,865.00. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $25,103,420. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,617 shares of company stock worth $60,654,941. Company insiders own 4.96% of the company's stock.

Institutional Investors Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in TDG. Vanguard Group Inc. lifted its stake in TransDigm Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,988,840 shares of the aerospace company's stock valued at $6,058,311,000 after buying an additional 85,826 shares during the period. Deutsche Bank AG lifted its stake in TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock valued at $2,859,376,000 after buying an additional 3,225,771 shares during the period. Capital World Investors raised its position in shares of TransDigm Group by 4.0% during the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company's stock worth $3,129,240,000 after purchasing an additional 120,058 shares during the period. FMR LLC raised its position in shares of TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company's stock worth $1,392,355,000 after purchasing an additional 136,834 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Institutional investors own 95.78% of the company's stock.

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.