TransDigm Group Incorporated (NYSE:TDG) has been assigned a consensus recommendation of “Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $412.75.

A number of research firms have recently weighed in on TDG. Cowen reaffirmed a “buy” rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research note on Monday. SunTrust Banks upped their price target on shares of TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Credit Suisse Group upped their price target on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Canaccord Genuity upped their price target on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th.

Shares of TDG traded down $5.52 during mid-day trading on Thursday, reaching $441.49. The company’s stock had a trading volume of 16,604 shares, compared to its average volume of 443,278. The firm has a market capitalization of $23.65 billion, a P/E ratio of 26.05, a PEG ratio of 1.90 and a beta of 1.01. TransDigm Group has a 1 year low of $298.15 and a 1 year high of $455.72.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.19 by $0.66. The company had revenue of $993.30 million during the quarter, compared to analyst estimates of $957.66 million. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 earnings per share. On average, equities analysts expect that TransDigm Group will post 16.09 earnings per share for the current year.

In other news, EVP Jorge Valladares sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total value of $2,184,950.00. Following the sale, the executive vice president now directly owns 14,000 shares of the company’s stock, valued at $6,117,860. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mervin Dunn sold 4,600 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $435.82, for a total value of $2,004,772.00. Following the completion of the sale, the director now directly owns 8,849 shares in the company, valued at $3,856,571.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,274 shares of company stock worth $33,455,050. 11.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of TransDigm Group by 46.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,275 shares of the aerospace company’s stock valued at $1,219,000 after buying an additional 1,040 shares during the period. ING Groep NV bought a new position in TransDigm Group during the third quarter worth about $231,000. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 12.4% during the third quarter. JPMorgan Chase & Co. now owns 35,903 shares of the aerospace company’s stock worth $13,366,000 after purchasing an additional 3,956 shares during the period. Toronto Dominion Bank lifted its stake in TransDigm Group by 0.5% during the third quarter. Toronto Dominion Bank now owns 31,336 shares of the aerospace company’s stock worth $11,664,000 after purchasing an additional 168 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in TransDigm Group by 5.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 7,206 shares of the aerospace company’s stock worth $2,682,000 after purchasing an additional 394 shares during the period.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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