TransDigm Group Inc. (NYSE:TDG) reached a new 52-week high on Thursday . The stock traded as high as $273.60 and last traded at $272.09, with a volume of 143,268 shares. The stock had previously closed at $271.09.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of TransDigm Group from $253.00 to $271.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 11th. Canaccord Genuity upped their price objective on shares of TransDigm Group from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. Barclays PLC upped their price objective on shares of TransDigm Group from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 22nd. Finally, Morgan Stanley assumed coverage on shares of TransDigm Group in a research report on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. TransDigm Group currently has a consensus rating of “Buy” and a consensus target price of $263.00.

The stock’s 50-day moving average is $263.23 and its 200-day moving average is $234.08. The stock has a market capitalization of $14.38 billion and a P/E ratio of 31.24.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 10th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.58 by $0.28. During the same quarter in the prior year, the business earned $2.11 EPS. The company earned $796.80 million during the quarter, compared to the consensus estimate of $777.11 million. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, analysts expect that TransDigm Group Inc. will post $11.22 EPS for the current fiscal year.

In other TransDigm Group news, VP Gregory Rufus sold 3,345 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $230.00, for a total value of $769,350.00. Following the completion of the transaction, the vice president now owns 15,345 shares in the company, valued at approximately $3,529,350. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $226.61, for a total value of $2,266,100.00. Following the completion of the transaction, the executive vice president now owns 15,010 shares of the company’s stock, valued at approximately $3,401,416.10. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the company. Neuberger Berman Group LLC increased its position in shares of TransDigm Group by 0.9% in the fourth quarter. Neuberger Berman Group LLC now owns 22,954 shares of the company’s stock valued at $5,244,000 after buying an additional 203 shares in the last quarter. US Bancorp DE increased its position in shares of TransDigm Group by 4.6% in the fourth quarter. US Bancorp DE now owns 5,728 shares of the company’s stock valued at $1,309,000 after buying an additional 250 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of TransDigm Group by 8.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 6,730 shares of the company’s stock valued at $1,537,000 after buying an additional 508 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of TransDigm Group by 3.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 15,909 shares of the company’s stock valued at $3,634,000 after buying an additional 520 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of TransDigm Group by 1.3% in the fourth quarter. Rhumbline Advisers now owns 51,986 shares of the company’s stock valued at $11,876,000 after buying an additional 679 shares in the last quarter.

TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & 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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