Transdigm Group (NYSE:TDG) Releases Earnings Results, Beats Expectations By $0.24 EPS

Transdigm Group (NYSE:TDG) announced its quarterly earnings data on Tuesday. The aerospace company reported $8.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.99 by $0.24, FiscalAI reports. Transdigm Group had a negative return on equity of 31.91% and a net margin of 21.69%.

Transdigm Group Trading Up 0.5%

Transdigm Group stock opened at $1,435.37 on Tuesday. Transdigm Group has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The firm has a market capitalization of $81.03 billion, a PE ratio of 44.74, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The firm’s 50 day simple moving average is $1,360.65 and its 200 day simple moving average is $1,361.59.

Wall Street Analysts Forecast Growth

TDG has been the topic of several research reports. BNP Paribas Exane initiated coverage on shares of Transdigm Group in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $1,775.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Transdigm Group from $1,405.00 to $1,435.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Zacks Research raised Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Transdigm Group in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on Transdigm Group from $1,385.00 to $1,400.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,597.00.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 4,700 shares of Transdigm Group stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $1,290.19, for a total transaction of $6,063,893.00. Following the completion of the sale, the director owned 5,625 shares of the company’s stock, valued at approximately $7,257,318.75. This trade represents a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin M. Stein sold 7,627 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $1,406.38, for a total value of $10,726,460.26. Following the completion of the transaction, the director owned 8,158 shares in the company, valued at $11,473,248.04. This represents a 48.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 194,195 shares of company stock worth $262,983,849. 4.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Transdigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC grew its stake in Transdigm Group by 6.1% during the third quarter. CYBER HORNET ETFs LLC now owns 156 shares of the aerospace company’s stock worth $206,000 after buying an additional 9 shares during the period. Lazard Asset Management LLC raised its position in Transdigm Group by 7.6% in the second quarter. Lazard Asset Management LLC now owns 156 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 11 shares during the period. L2 Asset Management LLC lifted its stake in shares of Transdigm Group by 5.2% during the third quarter. L2 Asset Management LLC now owns 261 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 13 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Transdigm Group by 2.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 673 shares of the aerospace company’s stock worth $865,000 after acquiring an additional 14 shares during the period. Finally, Prosperity Financial Group Inc. raised its stake in shares of Transdigm Group by 5.7% during the third quarter. Prosperity Financial Group Inc. now owns 296 shares of the aerospace company’s stock valued at $390,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.