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

Shares of Transdigm Group Incorporated (NYSE:TDG) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1,564.5625.

TDG has been the subject of several research reports. BMO Capital Markets began coverage on shares of Transdigm Group in a research note on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective on the stock. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a research report on Wednesday, October 8th.

Insider Activity

In other news, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the transaction, the director directly owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the sale, the director owned 21,548 shares of the company’s stock, valued at approximately $27,988,050.76. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,232 shares of company stock worth $23,961,562. 4.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Transdigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Norges Bank acquired a new stake in Transdigm Group during the 2nd quarter worth about $1,275,035,000. Vanguard Group Inc. raised its stake in shares of Transdigm Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 6,693,889 shares of the aerospace company’s stock worth $10,178,995,000 after purchasing an additional 333,965 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Transdigm Group by 1,566.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 213,775 shares of the aerospace company’s stock worth $325,075,000 after purchasing an additional 200,949 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Transdigm Group during the first quarter worth about $168,048,000. Finally, Bain Capital Public Equity Management II LLC purchased a new stake in Transdigm Group in the first quarter valued at approximately $157,890,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Trading Up 1.5%

TDG opened at $1,267.98 on Wednesday. The company has a market capitalization of $71.45 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 2.95 and a beta of 1.02. Transdigm Group has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The business’s fifty day simple moving average is $1,323.87 and its 200-day simple moving average is $1,403.70.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company earned $9.00 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts predict that Transdigm Group will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Transdigm Group Company Profile

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.