Transdigm Group Incorporated (NYSE:TDG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Transdigm Group Incorporated (NYSE:TDG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1,599.7333.

Several analysts have commented on the stock. Royal Bank Of Canada cut shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. JPMorgan Chase & Co. upped their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley upped their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. KeyCorp cut their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Jefferies Financial Group reduced their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Wednesday.

Insider Buying and Selling at Transdigm Group

In related news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the transaction, the director directly owned 1,964 shares of the company's stock, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,232 shares of company stock valued at $25,668,361. 4.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Transdigm Group

Several institutional investors and hedge funds have recently made changes to their positions in TDG. GAMMA Investing LLC lifted its position in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the period. Norges Bank acquired a new position in shares of Transdigm Group during the 2nd quarter worth about $1,275,035,000. Vanguard Group Inc. raised its position in shares of Transdigm Group by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company's stock worth $10,178,995,000 after purchasing an additional 333,965 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Transdigm Group by 1,566.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company's stock valued at $325,075,000 after acquiring an additional 200,949 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Transdigm Group in the 1st quarter valued at about $168,048,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Stock Performance

NYSE TDG opened at $1,281.44 on Friday. The business's fifty day moving average is $1,432.10 and its 200 day moving average is $1,413.51. Transdigm Group has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company has a market capitalization of $72.21 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the firm posted $9.00 EPS. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts forecast that Transdigm Group will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

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.

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