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Shares of TransDigm Group Incorporated (NYSE:TDG - Get Rating) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $718.08.
Several equities analysts recently issued reports on TDG shares. TheStreet upgraded TransDigm Group from a "c" rating to a "b-" rating in a research note on Thursday, August 18th. Susquehanna raised their price objective on TransDigm Group from $629.00 to $685.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 10th. Wells Fargo & Company raised their price objective on TransDigm Group from $620.00 to $740.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $685.00 to $705.00 in a research note on Wednesday, August 17th. Finally, Truist Financial reduced their price objective on TransDigm Group from $786.00 to $700.00 and set a "buy" rating on the stock in a research note on Tuesday, July 19th.Insider Activity
In other news, Director W Nicholas Howley sold 11,500 shares of the firm's stock in a transaction on Friday, July 15th. The stock was sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $11,651,003.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sean P. Hennessy sold 4,478 shares of TransDigm Group stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the transaction, the director now directly owns 33,935 shares of the company's stock, valued at $23,012,680.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $540.70, for a total value of $6,218,050.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $11,651,003.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,978 shares of company stock valued at $39,563,556. Company insiders own 8.96% of the company's stock. Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of TDG. Cedar Brook Financial Partners LLC grew its stake in TransDigm Group by 3.8% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 489 shares of the aerospace company's stock valued at $319,000 after acquiring an additional 18 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in TransDigm Group by 5.3% during the first quarter. Assenagon Asset Management S.A. now owns 356 shares of the aerospace company's stock worth $232,000 after purchasing an additional 18 shares during the period. Mainstay Capital Management LLC ADV boosted its position in TransDigm Group by 0.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,184 shares of the aerospace company's stock worth $1,172,000 after purchasing an additional 19 shares during the period. Echo Street Capital Management LLC boosted its position in TransDigm Group by 3.3% during the first quarter. Echo Street Capital Management LLC now owns 595 shares of the aerospace company's stock worth $388,000 after purchasing an additional 19 shares during the period. Finally, Securian Asset Management Inc. boosted its position in TransDigm Group by 0.5% during the first quarter. Securian Asset Management Inc. now owns 4,418 shares of the aerospace company's stock worth $2,879,000 after purchasing an additional 20 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds. TransDigm Group Trading Down 0.4 %
TransDigm Group stock opened at $531.52 on Tuesday. The stock has a market cap of $28.83 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 1.38 and a beta of 1.44. The stock has a 50 day moving average of $603.90 and a 200-day moving average of $593.77. TransDigm Group has a 52 week low of $500.08 and a 52 week high of $686.06.
TransDigm Group (NYSE:TDG - Get Rating) last released its earnings results on Tuesday, August 9th. The aerospace company reported $4.36 EPS for the quarter, beating the consensus estimate of $3.98 by $0.38. The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.41 billion. TransDigm Group had a negative return on equity of 30.80% and a net margin of 15.56%. The business's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 EPS. As a group, equities analysts predict that TransDigm Group will post 15.01 earnings per share for the current fiscal year. TransDigm Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 19th were issued a dividend of $18.50 per share. This represents a $74.00 dividend on an annualized basis and a dividend yield of 13.92%. The ex-dividend date was Thursday, August 18th. About TransDigm Group (Get Rating)
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.Featured ArticlesGet a free copy of the StockNews.com research report on TransDigm Group (TDG)Is Paramount Global Stock a Hidden Gem in Plain Sight? Levi Strauss Is A Good Fit Despite HeadwindsTesla Stock Predictions: Is Tesla’s Slide Worth a Second Glance?Hormel Foods is More than Just SpamClorox Pandemic Gains Have Been Bleached, Time to Get Back In?
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