TransDigm Group (NYSE:TDG) Sets New 12-Month High at $1,388.41

Shares of TransDigm Group Incorporated (NYSE:TDG) hit a new 52-week high during trading on Monday . The company traded as high as $1,388.41 and last traded at $1,380.46, with a volume of 12677 shares trading hands. The stock had previously closed at $1,367.76.

Analyst Ratings Changes

Several research analysts have recently issued reports on TDG shares. Stifel Nicolaus upped their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Finally, Truist Financial raised their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Price Performance

The stock has a market cap of $76.50 billion, a price-to-earnings ratio of 54.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. The firm’s fifty day moving average price is $1,281.89 and its two-hundred day moving average price is $1,269.09.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $6.55 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,073 shares of company stock valued at $34,795,388. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently made changes to their positions in TDG. QRG Capital Management Inc. increased its position in shares of TransDigm Group by 20.1% during the fourth quarter. QRG Capital Management Inc. now owns 513 shares of the aerospace company’s stock valued at $519,000 after buying an additional 86 shares during the period. Janney Montgomery Scott LLC lifted its stake in TransDigm Group by 6.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,264 shares of the aerospace company’s stock worth $8,361,000 after purchasing an additional 506 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in TransDigm Group by 49.3% in the 4th quarter. Great Lakes Advisors LLC now owns 1,892 shares of the aerospace company’s stock valued at $1,914,000 after purchasing an additional 625 shares during the period. Brown Advisory Inc. increased its holdings in shares of TransDigm Group by 1.4% in the fourth quarter. Brown Advisory Inc. now owns 16,344 shares of the aerospace company’s stock worth $16,534,000 after purchasing an additional 230 shares during the period. Finally, ING Groep NV boosted its stake in TransDigm Group by 351.5% during the fourth quarter. ING Groep NV now owns 14,573 shares of the aerospace company’s stock valued at $14,742,000 after buying an additional 11,345 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.