Transdigm Group’s (TDG) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Transdigm Group (NYSE:TDG) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $1,350.00 price target on the aerospace company’s stock.

TDG has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Morgan Stanley lowered Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $1,680.00 to $1,345.00 in a research report on Wednesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Transdigm Group in a research note on Friday, August 28th. Guggenheim assumed coverage on Transdigm Group in a report on Tuesday. They issued a “neutral” rating for the company. Finally, Melius Research reiterated a “hold” rating and issued a $1,331.00 price target on shares of Transdigm Group in a research note on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,452.53.

Transdigm Group Trading Up 0.9%

Transdigm Group stock opened at $1,085.80 on Wednesday. The stock has a market cap of $60.73 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The company has a fifty day simple moving average of $1,200.76 and a 200-day simple moving average of $1,224.06. Transdigm Group has a 12-month low of $1,071.25 and a 12-month high of $1,463.03.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, beating the consensus estimate of $10.30 by $0.57. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the company posted $9.60 earnings per share. Transdigm Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, sell-side analysts forecast that Transdigm Group will post 38.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other news, Director W. Howley sold 10,132 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. The trade was a 31.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $3,940,488. The trade was a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,064 shares of company stock valued at $33,947,338 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of Transdigm Group during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC acquired a new position in shares of Transdigm Group in the 2nd quarter valued at $25,000. MCF Advisors LLC raised its position in Transdigm Group by 900.0% in the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Transdigm Group in the 2nd quarter valued at $31,000. Finally, Trust Co. of Vermont acquired a new stake in Transdigm Group during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated (NYSE: TDG) designs, produces and supplies aircraft components, systems and related aftermarket services. The company focuses primarily on proprietary aerospace products, including mechanical and electromechanical actuators, ignition systems, pumps, valves, sensors, cockpit and data-acquisition systems, power-conditioning equipment, lighting, lavatory components, seat belts and cargo-loading systems.

TransDigm serves commercial and regional airlines, business and general aviation operators, aircraft manufacturers and military customers.