TransDigm Group (TDG) to Release Quarterly Earnings on Tuesday

TransDigm Group (NYSE:TDG) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect TransDigm Group to post earnings of $7.83 per share and revenue of $2.03 billion for the quarter.

TransDigm Group Stock Down 0.8 %

NYSE:TDG traded down $10.73 during trading hours on Tuesday, reaching $1,333.51. The company had a trading volume of 120,064 shares, compared to its average volume of 235,547. The stock has a 50-day moving average of $1,281.79 and a two-hundred day moving average of $1,310.26. TransDigm Group has a one year low of $1,070.03 and a one year high of $1,451.32. The firm has a market capitalization of $74.98 billion, a PE ratio of 52.11, a PEG ratio of 3.06 and a beta of 1.38.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TDG. Wells Fargo & Company decreased their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 in the last 90 days. 4.96% of the stock is currently owned by insiders.

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.