TransDigm Group Incorporated (NYSE:TDG) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

TransDigm Group Incorporated (NYSE:TDG – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $997.71.

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of TransDigm Group in a report on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 target price for the company. Stifel Nicolaus began coverage on shares of TransDigm Group in a report on Friday, December 1st. They set a “hold” rating and a $1,000.00 price target for the company. Alembic Global Advisors cut shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 15th. Royal Bank of Canada increased their price target on shares of TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, William Blair began coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They set an “outperform” rating for the company.

Read Our Latest Analysis on TDG

TransDigm Group Trading Down 0.1 %

Shares of TDG stock opened at $985.59 on Friday. TransDigm Group has a 12 month low of $599.42 and a 12 month high of $1,015.72. The company has a market cap of $54.51 billion, a P/E ratio of 44.76, a PEG ratio of 2.06 and a beta of 1.41. The firm has a fifty day moving average price of $918.71 and a 200 day moving average price of $882.05.

TransDigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $4.74 earnings per share. TransDigm Group’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities analysts forecast that TransDigm Group will post 30.21 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 20th were given a $35.00 dividend. The ex-dividend date of this dividend was Friday, November 17th. This is a positive change from TransDigm Group’s previous special dividend of $22.00.

Insider Activity

In other news, Director Sean P. Hennessy sold 3,650 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $971.15, for a total value of $3,544,697.50. Following the sale, the director now directly owns 33,935 shares in the company, valued at $32,955,975.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Sean P. Hennessy sold 3,650 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $971.15, for a total value of $3,544,697.50. Following the sale, the director now directly owns 33,935 shares in the company, valued at $32,955,975.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $862.38, for a total transaction of $2,587,140.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,104,568. The disclosure for this sale can be found here. Insiders have sold 102,871 shares of company stock worth $100,672,412 over the last ninety days. 7.18% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

A number of hedge funds have recently bought and sold shares of TDG. Private Advisor Group LLC boosted its position in TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares during the last quarter. Acadian Asset Management LLC raised its stake in TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after purchasing an additional 320 shares during the period. Panagora Asset Management Inc. raised its stake in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after purchasing an additional 1,163 shares during the period. Dimensional Fund Advisors LP raised its stake in TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after purchasing an additional 1,132 shares during the period. Finally, Sei Investments Co. raised its stake in TransDigm Group by 7.3% during the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after purchasing an additional 2,020 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

About TransDigm Group

(Get Free Report

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.

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