Posted by admin on Aug 12th, 2022

TransDigm Group (NYSE:TDG – Get Rating) had its price target upped by equities research analysts at Susquehanna from $629.00 to $685.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s price objective indicates a potential upside of 3.55% from the company’s current price.

A number of other brokerages have also weighed in on TDG. Susquehanna Bancshares lowered their price objective on TransDigm Group from $720.00 to $620.00 in a report on Wednesday, May 11th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. Wells Fargo & Company lowered their price objective on TransDigm Group from $700.00 to $620.00 in a report on Wednesday, May 11th. Finally, Truist Financial lowered their price objective on TransDigm Group from $786.00 to $700.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $712.62.

Shares of TDG stock opened at $661.50 on Wednesday. The stock has a market capitalization of $36.12 billion, a PE ratio of 50.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.44. TransDigm Group has a 52-week low of $500.08 and a 52-week high of $686.06. The stock’s 50-day moving average price is $571.78 and its 200 day moving average price is $606.99.

TransDigm Group (NYSE:TDG – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.87. TransDigm Group had a negative return on equity of 30.78% and a net margin of 15.56%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that TransDigm Group will post 14.54 earnings per share for the current fiscal year.

In related news, Director Robert J. Small acquired 19,398 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $544.09 per share, for a total transaction of $10,554,257.82. Following the transaction, the director now directly owns 185,086 shares of the company’s stock, valued at approximately $100,703,441.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robert J. Small acquired 19,398 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $544.09 per share, for a total transaction of $10,554,257.82. Following the transaction, the director now directly owns 185,086 shares of the company’s stock, valued at approximately $100,703,441.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small acquired 28,453 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $565.00 per share, with a total value of $16,075,945.00. Following the completion of the transaction, the director now directly owns 2,415,931 shares in the company, valued at $1,365,001,015. The disclosure for this purchase can be found here. Insiders own 8.96% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Tcwp LLC acquired a new position in TransDigm Group in the 1st quarter valued at $29,000. Edge Capital Group LLC acquired a new position in TransDigm Group in the 2nd quarter valued at $27,000. Cordasco Financial Network acquired a new position in TransDigm Group in the 1st quarter valued at $35,000. Duncker Streett & Co. Inc. acquired a new position in TransDigm Group in the 4th quarter valued at $35,000. Finally, Pittenger & Anderson Inc. raised its holdings in TransDigm Group by 132.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 58 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 33 shares during the last quarter. 99.33% of the stock is currently owned by institutional investors and hedge funds.

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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