Transdigm Group (NYSE:TDG) Hits New 12-Month High - What's Next?

Shares of Transdigm Group Incorporated (NYSE:TDG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $1,503.15 and last traded at $1,502.93, with a volume of 391929 shares. The stock had previously closed at $1,471.86.

Analyst Ratings Changes

A number of research firms recently commented on TDG. Wells Fargo & Company upped their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday. They set a "buy" rating and a $1,710.00 price target for the company. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, UBS Group boosted their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,532.47.

Transdigm Group Trading Up 2.1%

The company has a 50 day simple moving average of $1,421.39 and a two-hundred day simple moving average of $1,354.20. The firm has a market capitalization of $84.42 billion, a P/E ratio of 50.74, a P/E/G ratio of 3.11 and a beta of 1.05.

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

Insider Activity

In other Transdigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. This represents a 71.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,300 shares of Transdigm Group stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TDG. Bruce G. Allen Investments LLC boosted its holdings in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC lifted its position in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group during the first quarter valued at $30,000. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. increased its stake in Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares during the period. 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.

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