TransDigm Group Incorporated (NYSE:TDG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of TransDigm Group Incorporated (NYSE:TDG) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $1,455.00.

A number of equities research analysts have recently weighed in on TDG shares. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,525 shares of company stock valued at $108,692,621. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. Oppenheimer & Co. Inc. raised its stake in shares of TransDigm Group by 20.3% during the second quarter. Oppenheimer & Co. Inc. now owns 1,787 shares of the aerospace company’s stock worth $2,283,000 after purchasing an additional 301 shares during the last quarter. Meeder Asset Management Inc. raised its position in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of TransDigm Group by 3.2% in the 2nd quarter. Federated Hermes Inc. now owns 38,528 shares of the aerospace company’s stock worth $49,224,000 after acquiring an additional 1,179 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of TransDigm Group in the second quarter valued at about $459,000. Finally, Parallel Advisors LLC increased its stake in shares of TransDigm Group by 11.0% during the second quarter. Parallel Advisors LLC now owns 424 shares of the aerospace company’s stock worth $542,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,340.40 on Monday. The stock has a market cap of $75.37 billion, a PE ratio of 52.36, a P/E/G ratio of 2.84 and a beta of 1.38. TransDigm Group has a 1-year low of $1,032.43 and a 1-year high of $1,451.32. The firm has a 50-day simple moving average of $1,277.54 and a two-hundred day simple moving average of $1,307.04.

About TransDigm Group

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.