Transdigm Group (NYSE:TDG) Hits New 52-Week High - Time to Buy?

Transdigm Group Incorporated (NYSE:TDG - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $1,537.05 and last traded at $1,533.58, with a volume of 28346 shares changing hands. The stock had previously closed at $1,522.98.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. UBS Group upped their target price on 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. Finally, KeyCorp boosted their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,545.80.

Transdigm Group Price Performance

The stock has a market capitalization of $85.90 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04. The stock has a fifty day moving average price of $1,444.85 and a 200 day moving average price of $1,368.10.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $7.99 earnings per share. Research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total value of $3,951,002.88. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at approximately $31,117,035.84. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TDG. Dynamic Advisor Solutions LLC purchased a new position in shares of Transdigm Group during the 1st quarter worth approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after acquiring an additional 380 shares in the last quarter. Paragon Advisors LLC lifted its position in Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after acquiring an additional 224 shares in the last quarter. Baskin Financial Services Inc. lifted its position in Transdigm Group by 1.3% in the 1st quarter. Baskin Financial Services Inc. now owns 22,638 shares of the aerospace company's stock valued at $31,315,000 after acquiring an additional 280 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in Transdigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after buying an additional 1,553 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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.