Transdigm Group Incorporated (NYSE:TDG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Transdigm Group has received a consensus rating of "Moderate Buy" from fifteen brokerages, with an average price target of $1,606.47.
• The stock opened at $1,608.96 and has a market cap of $90.38 billion, reflecting strong performance with a twelve-month high of $1,623.82.
• Insider activity has shown significant selling, with directors reducing their holdings and disclosing sales totaling over $173 million this past quarter.

Shares of Transdigm Group Incorporated (NYSE:TDG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $1,606.47.

Several analysts have recently weighed in on TDG shares. Truist Financial boosted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Susquehanna raised their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Citigroup raised their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group raised their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th.

Insiders Place Their Bets

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director owned 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC lifted its holdings in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank bought a new position in shares of Transdigm Group in the first quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the fourth quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust lifted its holdings in shares of Transdigm Group by 84.6% in the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company's stock valued at $36,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of TDG stock traded down $25.70 on Friday, hitting $1,582.76. 322,169 shares of the company's stock were exchanged, compared to its average volume of 205,673. Transdigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,623.82. The stock has a market cap of $88.90 billion, a P/E ratio of 53.44, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. The company has a 50 day moving average of $1,507.98 and a 200 day moving average of $1,406.48.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $7.99 EPS. Transdigm Group's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts predict that Transdigm Group will post 35.13 EPS for the current fiscal 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.