TransDigm Group (TDG) – Investment Analysts’ Recent Ratings Changes

TransDigm Group (NYSE: TDG) has recently received a number of price target changes and ratings updates:

• 4/16/2024 – TransDigm Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1,285.00 to $1,518.00. They now have a “buy” rating on the stock.
• 4/9/2024 – TransDigm Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/4/2024 – TransDigm Group had its price target raised by analysts at Citigroup Inc. from $1,380.00 to $1,395.00. They now have a “buy” rating on the stock.
• 4/1/2024 – TransDigm Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/27/2024 – TransDigm Group had its price target raised by analysts at JPMorgan Chase & Co. from $1,050.00 to $1,175.00. They now have a “neutral” rating on the stock.
• 3/19/2024 – TransDigm Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,221.80 on Wednesday. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39. The business’s fifty day moving average price is $1,188.11 and its 200-day moving average price is $1,041.08. The stock has a market capitalization of $67.94 billion, a PE ratio of 51.86, a P/E/G ratio of 2.46 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.15 EPS. As a group, equities analysts expect that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 46,087 shares of company stock worth $53,979,458 in the last ninety days. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TDG. Private Advisor Group LLC raised its stake in TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock valued at $628,000 after buying an additional 183 shares during the last quarter. Acadian Asset Management LLC raised its stake in TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock valued at $519,000 after buying an additional 320 shares during the last quarter. Panagora Asset Management Inc. raised its stake in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock valued at $1,523,000 after buying an additional 1,163 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock valued at $103,790,000 after buying an additional 1,132 shares during the last quarter. Finally, Sei Investments Co. raised its stake in TransDigm Group by 7.3% during the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock valued at $19,373,000 after buying an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.