TransDigm Group (NYSE:TDG) Reaches New 12-Month High on Analyst Upgrade

TransDigm Group Incorporated (NYSE:TDG)’s stock price hit a new 52-week high during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $1,050.00 to $1,175.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. TransDigm Group traded as high as $1,238.95 and last traded at $1,234.18, with a volume of 15954 shares traded. The stock had previously closed at $1,233.80.

A number of other equities research analysts have also recently commented on the stock. William Blair started coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They issued an “outperform” rating for the company. KeyCorp upped their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Truist Financial increased their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Susquehanna increased their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,119.00.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,220,136. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,220,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 3,530 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total transaction of $3,608,613.10. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $22,027,873.96. The disclosure for this sale can be found here. Insiders have sold a total of 91,480 shares of company stock valued at $100,102,829 over the last quarter. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the 4th quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in TransDigm Group during the fourth quarter valued at approximately $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in TransDigm Group during the third quarter valued at approximately $27,000. West Tower Group LLC purchased a new position in TransDigm Group during the second quarter valued at approximately $29,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $30,000. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

The stock’s 50 day moving average price is $1,147.01 and its two-hundred day moving average price is $1,002.65. The firm has a market capitalization of $68.67 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 2.56 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.15 EPS. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

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.