TransDigm Group Incorporated (NYSE:TDG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $445.93 and last traded at $444.23, with a volume of 6495 shares traded. The stock had previously closed at $439.94.

TDG has been the subject of a number of analyst reports. Canaccord Genuity increased their target price on TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. SunTrust Banks increased their target price on TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Jefferies Financial Group reissued a “hold” rating and set a $355.00 target price on shares of TransDigm Group in a research note on Tuesday, January 8th. Credit Suisse Group increased their target price on TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $400.00.

The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.86 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.66. The business had revenue of $993.30 million for the quarter, compared to analysts’ expectations 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 was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. As a group, analysts forecast that TransDigm Group Incorporated will post 16.09 earnings per share for the current year.

In other TransDigm Group news, CEO W Nicholas Howley sold 17,083 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $418.55, for a total transaction of $7,150,089.65. Following the sale, the chief executive officer now owns 43,818 shares in the company, valued at approximately $18,340,023.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small bought 229,940 shares of the stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of $434.90 per share, for a total transaction of $100,000,906.00. Following the acquisition, the director now owns 37,175 shares in the company, valued at approximately $16,167,407.50. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 78,274 shares of company stock worth $33,455,050. Insiders own 11.00% of the company’s stock.

A number of large investors have recently made changes to their positions in TDG. JOYN Advisors Inc. grew its holdings in TransDigm Group by 33.3% during the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock valued at $45,000 after buying an additional 33 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in TransDigm Group by 100.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 144 shares of the aerospace company’s stock valued at $49,000 after buying an additional 72 shares during the last quarter. Enlightenment Research LLC acquired a new stake in TransDigm Group during the 4th quarter valued at $68,000. Ipswich Investment Management Co. Inc. acquired a new stake in TransDigm Group during the 4th quarter valued at $82,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in TransDigm Group during the 4th quarter valued at $88,000.

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About TransDigm Group (NYSE:TDG)

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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