TransDigm Group (NYSE:TDG) Reaches New 1-Year High - Here's Why

TransDigm Group Incorporated (NYSE:TDG - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $1,468.00 and last traded at $1,464.07, with a volume of 27311 shares. The stock had previously closed at $1,434.19.

Analysts Set New Price Targets

TDG has been the topic of several recent research reports. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna boosted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Price Performance

The firm has a market cap of $81.23 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 2.76 and a beta of 1.08. The business has a fifty day simple moving average of $1,348.86 and a 200 day simple moving average of $1,321.33.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company earned $7.16 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now owns 15,539 shares of the company's stock, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. This trade represents a 47.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds have recently modified their holdings of TDG. GAMMA Investing LLC grew its stake in shares of TransDigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the period. Norges Bank purchased a new position in TransDigm Group in the fourth quarter worth approximately $973,353,000. Proficio Capital Partners LLC increased its stake in TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Edgewood Management LLC purchased a new stake in TransDigm Group in the fourth quarter valued at $399,595,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 10.4% during 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. 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.

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