TransDigm Group (NYSE:TDG) Releases Quarterly Earnings Results, Beats Estimates By $0.84 EPS

TransDigm Group (NYSE:TDG) released its quarterly earnings data on Tuesday. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84, Zacks reports. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%.

TransDigm Group Stock Performance

Shares of TDG opened at $1,353.03 on Tuesday. TransDigm Group has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The company has a market capitalization of $75.82 billion, a PE ratio of 52.85, a PEG ratio of 3.06 and a beta of 1.40. The company’s 50 day moving average price is $1,288.57 and its 200 day moving average price is $1,312.92.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TDG shares. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock valued at $112,769,801 in the last quarter. Company insiders own 4.09% of the company’s stock.

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.