Transdigm Group’s (TDG) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Transdigm Group (NYSE:TDG)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $1,350.00 price target on the aerospace company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 24.45% from the company’s current price.

Several other equities analysts have also recently issued reports on TDG. Morgan Stanley cut Transdigm Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Melius Research restated a “hold” rating and set a $1,331.00 price objective on shares of Transdigm Group in a research report on Monday. BMO Capital Markets increased their price target on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Finally, Guggenheim began coverage on Transdigm Group in a research report on Tuesday. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,454.87.

Transdigm Group Trading Down 2.4%

TDG stock opened at $1,084.80 on Wednesday. The company has a market capitalization of $60.67 billion, a P/E ratio of 32.91, a PEG ratio of 1.84 and a beta of 0.91. The business has a 50 day simple moving average of $1,213.59 and a 200-day simple moving average of $1,228.29. Transdigm Group has a twelve month low of $1,082.40 and a twelve month high of $1,463.03.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating the consensus estimate of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the firm earned $9.60 EPS. Transdigm Group’s revenue for the quarter was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Research analysts predict that Transdigm Group will post 38.81 EPS for the current fiscal year.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W. Howley sold 10,132 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at $26,204,091.84. This trade represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,296 shares of company stock valued at $43,048,156 over the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Trading of Transdigm Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in Transdigm Group in the fourth quarter valued at about $25,000. Burkett Financial Services LLC acquired a new stake in Transdigm Group during the second quarter valued at approximately $25,000. MCF Advisors LLC lifted its holdings in Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Transdigm Group in the 2nd quarter worth approximately $31,000. Finally, Trust Co. of Vermont acquired a new position in shares of Transdigm Group in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.