TransDigm Group (NYSE:TDG) Sets New 12-Month High at $1,255.59

TransDigm Group Incorporated (NYSE:TDG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $1,255.59 and last traded at $1,246.49, with a volume of 26998 shares changing hands. The stock had previously closed at $1,242.40.

Analysts Set New Price Targets

A number of research analysts have recently commented on TDG shares. Truist Financial increased their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. KeyCorp increased their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday. Barclays increased their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, Susquehanna increased their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,170.27.

TransDigm Group Trading Down 1.3 %

The company’s 50-day simple moving average is $1,196.92 and its 200 day simple moving average is $1,054.61. The stock has a market cap of $68.21 billion, a P/E ratio of 51.78, a PEG ratio of 2.44 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating 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 business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $4.15 EPS. TransDigm Group’s revenue was up 28.1% compared to the same quarter last year. Research analysts anticipate that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,087 shares of company stock valued at $69,840,358. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TDG. CWM LLC grew its position in TransDigm Group by 12.4% during the 3rd quarter. CWM LLC now owns 770 shares of the aerospace company’s stock worth $649,000 after purchasing an additional 85 shares during the last quarter. AE Wealth Management LLC raised its position in shares of TransDigm Group by 12.5% in the third quarter. AE Wealth Management LLC now owns 315 shares of the aerospace company’s stock valued at $266,000 after buying an additional 35 shares during the last quarter. HB Wealth Management LLC raised its position in shares of TransDigm Group by 49.7% in the third quarter. HB Wealth Management LLC now owns 446 shares of the aerospace company’s stock valued at $376,000 after buying an additional 148 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of TransDigm Group by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 6,560 shares of the aerospace company’s stock valued at $5,530,000 after buying an additional 90 shares during the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in TransDigm Group during the third quarter worth about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.