TransDigm Group - TDG Stock Forecast, Price & News

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. The company's Airframe segment provides engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, cockpit displays, engineered audio, radio and antenna systems, lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation products, lighting and control technology, and parachutes. This segment serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. Its Non-aviation segment offers seat belts and safety restraints for ground transportation applications; electro-mechanical actuators for space applications; hydraulic/electromechanical actuators and fuel valves for land-based gas turbines; refueling systems for heavy equipment used in mining, construction, and other industries; and turbine controls for the energy and oil and gas markets. This segment serves off-road vehicle and subsystem suppliers, child restraint system suppliers, and satellite and space system suppliers; and manufacturers of heavy equipment. TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lowered their price target on TransDigm Group from $700.00 to $620.00 in a report on Wednesday, May 11th. Susquehanna Bancshares increased their price target on TransDigm Group from $629.00 to $685.00 and gave the stock a "neutral" rating in a report on Wednesday. Susquehanna increased their price target on TransDigm Group from $629.00 to $685.00 and gave the stock a "neutral" rating in a report on Wednesday. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Truist Financial lowered their price target on TransDigm Group from $786.00 to $700.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $712.62.

TransDigm Group Stock Performance

NYSE:TDG traded up $15.10 during trading hours on Friday, hitting $676.60. 380,407 shares of the company traded hands, compared to its average volume of 262,744. The business's 50-day moving average is $573.89 and its 200-day moving average is $607.67. TransDigm Group has a twelve month low of $500.08 and a twelve month high of $686.06. The stock has a market capitalization of $36.70 billion, a price-to-earnings ratio of 51.89, a P/E/G ratio of 1.91 and a beta of 1.44.

TransDigm Group (NYSE:TDG - Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The aerospace company reported $4.85 EPS for the quarter, beating the consensus estimate of $3.98 by $0.87. TransDigm Group had a negative return on equity of 30.80% and a net margin of 15.56%. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the firm posted $2.89 earnings per share. The business's quarterly revenue was up 14.8% compared to the same quarter last year. Analysts predict that TransDigm Group will post 14.54 EPS for the current year.

TransDigm Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 19th will be given a dividend of $18.50 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $74.00 annualized dividend and a yield of 10.94%.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small purchased 19,398 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $544.09 per share, with a total value of $10,554,257.82. Following the completion of the transaction, the director now owns 185,086 shares of the company's stock, valued at approximately $100,703,441.74. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, Director Robert J. Small acquired 19,398 shares of the business's stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of $544.09 per share, with a total value of $10,554,257.82. Following the completion of the transaction, the director now directly owns 185,086 shares in the company, valued at approximately $100,703,441.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $539.63, for a total value of $6,205,745.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $11,627,947.24. The disclosure for this sale can be found here. Insiders own 8.96% of the company's stock.