Posted by admin on Aug 18th, 2022

TransDigm Group Incorporated (NYSE:TDG – Get Rating) Director Sean P. Hennessy sold 4,478 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the completion of the sale, the director now owns 33,935 shares of the company’s stock, valued at approximately $23,012,680.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of TDG opened at $668.83 on Thursday. The firm has a 50 day simple moving average of $576.87 and a 200-day simple moving average of $609.18. TransDigm Group Incorporated has a 1-year low of $500.08 and a 1-year high of $686.06. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 51.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44.

TransDigm Group (NYSE:TDG – Get Rating) last released its earnings results on Tuesday, August 9th. The aerospace company reported $4.85 EPS for the quarter, topping the consensus estimate of $3.98 by $0.87. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. TransDigm Group’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 14.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 19th will be paid a $18.50 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $74.00 annualized dividend and a yield of 11.06%.

TDG has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of TransDigm Group from $620.00 to $740.00 and gave the company an “overweight” rating in a research report on Tuesday. Cfra increased their target price on shares of TransDigm Group to $680.00 in a report on Monday. Truist Financial dropped their target price on shares of TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Susquehanna increased their target price on shares of TransDigm Group from $629.00 to $685.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Finally, Susquehanna Bancshares increased their target price on shares of TransDigm Group from $629.00 to $685.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Three 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $721.36.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital International Investors grew its stake in TransDigm Group by 0.3% in the 4th quarter. Capital International Investors now owns 6,553,399 shares of the aerospace company’s stock worth $4,169,759,000 after acquiring an additional 16,648 shares during the period. Vanguard Group Inc. boosted its holdings in shares of TransDigm Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock valued at $3,650,144,000 after purchasing an additional 117,137 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of TransDigm Group by 2.5% in the 1st quarter. BlackRock Inc. now owns 4,336,367 shares of the aerospace company’s stock valued at $2,825,316,000 after purchasing an additional 107,621 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of TransDigm Group by 5.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,257,661 shares of the aerospace company’s stock valued at $1,748,289,000 after purchasing an additional 173,413 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of TransDigm Group by 8.8% in the 4th quarter. Vulcan Value Partners LLC now owns 2,223,480 shares of the aerospace company’s stock valued at $1,414,756,000 after purchasing an additional 179,787 shares during the last quarter. 99.33% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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