TransDigm Group (NYSE:TDG) Hits New 12-Month High at $1,270.90

TransDigm Group Incorporated (NYSE:TDG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $1,270.90 and last traded at $1,268.63, with a volume of 91907 shares traded. The stock had previously closed at $1,249.32.

Analyst Ratings Changes

TDG has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Citigroup increased their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. 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 research note 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 research note on Friday, February 9th. Finally, Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,170.27.

TransDigm Group Stock Performance

The business’s fifty day moving average price is $1,208.75 and its 200-day moving average price is $1,069.59. The stock has a market cap of $70.72 billion, a PE ratio of 53.05, a P/E/G ratio of 2.54 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $4.15 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,105,728. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $9,921,433.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently bought and sold shares of TDG. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the 4th quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of TransDigm Group during the 4th quarter worth approximately $37,000. Finally, Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $35,000. 95.78% of the stock is 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.