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

Shares of TransDigm Group Incorporated (NYSE:TDG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,505.23.

TDG has been the subject of a number of recent research reports. Northcoast Research upgraded 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. Susquehanna boosted their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. UBS Group upped their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company increased their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $6.74 during mid-day trading on Thursday, reaching $1,436.36. The company had a trading volume of 356,752 shares, compared to its average volume of 262,918. The business's 50-day simple moving average is $1,390.36 and its 200 day simple moving average is $1,340.80. The firm has a market cap of $80.68 billion, a price-to-earnings ratio of 50.67, a PEG ratio of 2.76 and a beta of 1.05. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.99 earnings per share. On average, sell-side analysts anticipate that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,896,144. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,913 shares of company stock valued at $130,775,117. Corporate insiders own 4.09% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TDG. Strs Ohio acquired a new position in shares of TransDigm Group during the first quarter worth $80,476,000. Advisors Capital Management LLC acquired a new stake in shares of TransDigm Group in the first quarter worth approximately $271,000. Iron Gate Global Advisors LLC acquired a new stake in TransDigm Group in the 1st quarter valued at about $216,000. WBI Investments LLC purchased a new position in shares of TransDigm Group during the 1st quarter worth $1,569,000. Finally, Acadian Asset Management LLC lifted its holdings in TransDigm Group by 92.3% in the first quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company's stock valued at $376,000 after acquiring an additional 131 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.