TransDigm Group Incorporated (NYSE:TDG) Given Consensus Rating of “Buy” by Analysts

TransDigm Group Incorporated (NYSE:TDG) has been assigned an average rating of “Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $704.39.

A number of analysts have issued reports on TDG shares. The Goldman Sachs Group started coverage on shares of TransDigm Group in a report on Friday, September 10th. They issued a “buy” rating and a $732.00 price objective for the company. Barclays boosted their price objective on shares of TransDigm Group from $680.00 to $710.00 and gave the company an “overweight” rating in a report on Monday. Bank of America raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $700.00 to $790.00 in a report on Tuesday. Robert W. Baird boosted their price objective on shares of TransDigm Group from $668.00 to $720.00 and gave the company an “outperform” rating in a report on Monday. Finally, Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $678.00 price target for the company in a report on Tuesday, October 19th.

In other news, Director Jane M. Cronin acquired 300 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was bought at an average cost of $634.27 per share, for a total transaction of $190,281.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Monday, November 1st. The stock was sold at an average price of $627.17, for a total transaction of $6,271,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,000 shares of company stock valued at $47,099,865. 9.13% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of TransDigm Group by 9.4% during the second quarter. Quadrant Capital Group LLC now owns 210 shares of the aerospace company’s stock worth $136,000 after buying an additional 18 shares during the period. Blue Fin Capital Inc. grew its holdings in TransDigm Group by 4.3% in the second quarter. Blue Fin Capital Inc. now owns 464 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 19 shares during the period. SkyView Investment Advisors LLC increased its stake in TransDigm Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 806 shares of the aerospace company’s stock valued at $503,000 after purchasing an additional 19 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of TransDigm Group by 4.5% during the second quarter. Clearstead Advisors LLC now owns 560 shares of the aerospace company’s stock valued at $362,000 after purchasing an additional 24 shares during the period. Finally, Corient Capital Partners LLC boosted its position in shares of TransDigm Group by 3.8% during the 3rd quarter. Corient Capital Partners LLC now owns 702 shares of the aerospace company’s stock worth $438,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

Shares of TDG stock traded down $7.25 during midday trading on Friday, hitting $618.00. 484,123 shares of the company were exchanged, compared to its average volume of 260,488. The firm has a market capitalization of $34.14 billion, a P/E ratio of 75.09, a PEG ratio of 2.96 and a beta of 1.52. The firm’s 50 day moving average price is $639.79 and its two-hundred day moving average price is $634.18. TransDigm Group has a 52 week low of $517.37 and a 52 week high of $688.03.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, November 16th. The aerospace company reported $4.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.70 by $0.55. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. TransDigm Group had a net margin of 11.78% and a negative return on equity of 16.90%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. As a group, equities research analysts predict that TransDigm Group will post 10.05 earnings per share for the current fiscal year.

TransDigm Group Company Profile

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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