TransDigm Group (NYSE:TDG) Reaches New 1-Year High at $1,332.19

TransDigm Group Incorporated (NYSE:TDG - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $1,332.19 and last traded at $1,331.08, with a volume of 93955 shares. The stock had previously closed at $1,312.76.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Royal Bank of Canada lifted their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Wednesday, May 8th. Susquehanna raised their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 8th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company upped their price target on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an "equal weight" rating in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,327.44.

TransDigm Group Stock Up 1.9 %

The business has a 50 day simple moving average of $1,240.28 and a 200 day simple moving average of $1,113.59. The company has a market capitalization of $74.84 billion, a PE ratio of 53.03, a PEG ratio of 2.47 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the business earned $5.39 EPS. The firm's quarterly revenue was up 20.5% on a year-over-year basis. Equities analysts expect that TransDigm Group Incorporated will post 29.96 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CFO Sarah Wynne sold 5,850 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 700 shares of the company's stock, valued at $811,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group 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 value of $6,780,150.00. Following the sale, the chief financial officer now directly owns 700 shares in the company, valued at $811,300. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. In the last three months, insiders acquired 11 shares of company stock worth $5,950 and sold 63,434 shares worth $76,847,440. 4.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. LRI Investments LLC acquired a new position in shares of TransDigm Group in the 1st quarter worth approximately $160,000. Citizens Financial Group Inc. RI acquired a new stake in shares of TransDigm Group in the first quarter valued at about $239,000. Plato Investment Management Ltd raised its holdings in shares of TransDigm Group by 75,600.0% in the 1st quarter. Plato Investment Management Ltd now owns 757 shares of the aerospace company's stock valued at $932,000 after purchasing an additional 756 shares during the period. Zimmer Partners LP acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $6,909,000. Finally, iA Global Asset Management Inc. increased its holdings in shares of TransDigm Group by 494.9% in the first quarter. iA Global Asset Management Inc. now owns 7,609 shares of the aerospace company's stock valued at $9,371,000 after purchasing an additional 6,330 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.

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