Research Analysts’ Recent Ratings Updates for TransDigm Group (TDG)

A number of research firms have changed their ratings and price targets for TransDigm Group (NYSE: TDG):

• 5/18/2023 – TransDigm Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 5/16/2023 – TransDigm Group had its price target raised by analysts at Bank of America Co. from $890.00 to $980.00.
• 5/15/2023 – TransDigm Group had its price target raised by analysts at Morgan Stanley from $793.00 to $1,000.00.
• 5/14/2023 – TransDigm Group had its price target raised by analysts at Barclays PLC from $840.00 to $930.00.
• 5/11/2023 – TransDigm Group had its price target raised by analysts at Wells Fargo & Company from $725.00 to $840.00.
• 5/10/2023 – TransDigm Group had its price target raised by analysts at Truist Financial Co. from $840.00 to $870.00.
• 5/10/2023 – TransDigm Group had its price target raised by analysts at Royal Bank of Canada from $800.00 to $900.00.
• 5/10/2023 – TransDigm Group had its price target raised by analysts at Robert W. Baird from $767.00 to $960.00.
• 5/10/2023 – TransDigm Group had its price target raised by analysts at Susquehanna from $750.00 to $820.00.
• 4/24/2023 – TransDigm Group had its price target raised by analysts at Truist Financial Co. from $810.00 to $840.00.

TransDigm Group Price Performance

TransDigm Group stock opened at $783.22 on Wednesday. The firm has a market cap of $43.02 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. TransDigm Group Incorporated has a one year low of $499.63 and a one year high of $831.58. The stock’s fifty day moving average price is $754.55 and its two-hundred day moving average price is $700.90.

TransDigm Group (NYSE:TDG – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share for the quarter, topping the consensus estimate of $4.98 by $1.00. TransDigm Group had a net margin of 17.57% and a negative return on equity of 34.11%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business posted $3.29 earnings per share. TransDigm Group’s revenue was up 20.0% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 21.57 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, CAO Sarah Wynne sold 180 shares of TransDigm Group stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total value of $129,673.80. Following the transaction, the chief accounting officer now owns 700 shares in the company, valued at approximately $504,287. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TransDigm Group news, CAO Sarah Wynne sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total value of $129,673.80. Following the sale, the chief accounting officer now owns 700 shares in the company, valued at $504,287. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 3,250 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $800.76, for a total value of $2,602,470.00. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $17,254,776.48. The disclosure for this sale can be found here. Insiders have sold 30,513 shares of company stock valued at $22,944,820 over the last three months. 7.18% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of TransDigm Group in the 1st quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in TransDigm Group during the third quarter worth $27,000. Cullen Frost Bankers Inc. acquired a new stake in TransDigm Group during the 1st quarter worth about $28,000. Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group during the 4th quarter worth about $30,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in TransDigm Group during the 3rd quarter worth about $33,000. Institutional investors own 96.00% of the company’s stock.

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.