Transdigm Group (NYSE:TDG) Reaches New 52-Week High - Should You Buy?

Shares of Transdigm Group Incorporated (NYSE:TDG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,611.89 and last traded at $1,584.32, with a volume of 164667 shares trading hands. The stock had previously closed at $1,597.30.

Analyst Ratings Changes

A number of brokerages recently weighed in on TDG. Susquehanna lifted their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Stifel Nicolaus began coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Truist Financial lifted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Price Performance

The stock has a market capitalization of $89.39 billion, a PE ratio of 53.73, a PEG ratio of 3.23 and a beta of 1.04. The stock's 50 day simple moving average is $1,486.15 and its two-hundred day simple moving average is $1,392.88.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. Transdigm Group's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.99 EPS. As a group, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the transaction, the director owned 33,713 shares of the company's stock, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. This represents a 34.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,113 shares of company stock worth $173,419,391 in the last ninety days. Insiders own 4.09% of the company's stock.

Institutional Investors Weigh In On Transdigm Group

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the period. Capital World Investors lifted its position in shares of Transdigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the period. FMR LLC lifted its position in Transdigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after acquiring an additional 5,414 shares during the period. Finally, Capital Research Global Investors lifted its position in Transdigm Group by 4.8% during the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after acquiring an additional 87,309 shares during the period. Hedge funds and other 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.