TransDigm Group (NYSE:TDG) Reaches New 52-Week High at $1,364.22

TransDigm Group Incorporated (NYSE:TDGGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $1,364.22 and last traded at $1,361.63, with a volume of 173556 shares trading hands. The stock had previously closed at $1,340.83.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TDG shares. Truist Financial increased their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Bank of America lifted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group increased their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. UBS Group boosted their price target on TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Barclays raised their price objective on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,371.19.

View Our Latest Stock Report on TransDigm Group

TransDigm Group Price Performance

The firm has a market cap of $73.30 billion, a P/E ratio of 52.76, a P/E/G ratio of 2.32 and a beta of 1.39. The company has a fifty day moving average of $1,273.55 and a 200-day moving average of $1,146.12.

TransDigm Group (NYSE:TDGGet Free Report) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $5.39 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 29.93 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,220,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 3 shares of company stock valued at $1,690 and have sold 29,198 shares valued at $36,415,346. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after acquiring an additional 58,243 shares in the last quarter. Capital World Investors boosted its holdings in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. Capital Research Global Investors raised its stake in TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after acquiring an additional 192,962 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.

Further Reading

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