TransDigm Group (NYSE:TDG) Reaches New 52-Week High After Analyst Upgrade

Shares of TransDigm Group Incorporated (NYSE:TDG) hit a new 52-week high during mid-day trading on Thursday after UBS Group raised their price target on the stock from $645.00 to $685.00. UBS Group currently has a buy rating on the stock. TransDigm Group traded as high as $625.79 and last traded at $624.38, with a volume of 2764 shares. The stock had previously closed at $619.66.

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group raised their target price on TransDigm Group from $584.00 to $623.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. SunTrust Banks raised their target price on TransDigm Group from $560.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Cowen reissued a “buy” rating and issued a $590.00 target price on shares of TransDigm Group in a research report on Tuesday, November 19th. Finally, Bank of America reissued a “buy” rating and issued a $637.00 target price (down from $670.00) on shares of TransDigm Group in a research report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $591.08.

In other news, EVP Bernt G. Iversen II sold 8,333 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $523.08, for a total value of $4,358,825.64. Following the completion of the sale, the executive vice president now owns 12,643 shares of the company’s stock, valued at approximately $6,613,300.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $542.62, for a total value of $9,269,577.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,048 shares of company stock valued at $53,952,166. Corporate insiders own 11.89% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Donaldson Capital Management LLC purchased a new position in TransDigm Group during the 3rd quarter valued at about $327,000. Parametric Portfolio Associates LLC grew its holdings in shares of TransDigm Group by 26.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 279,695 shares of the aerospace company’s stock worth $145,629,000 after acquiring an additional 58,324 shares during the period. BB&T Securities LLC purchased a new position in shares of TransDigm Group during the 3rd quarter worth approximately $232,000. Invesco Ltd. grew its holdings in shares of TransDigm Group by 10.5% during the 2nd quarter. Invesco Ltd. now owns 689,545 shares of the aerospace company’s stock worth $333,602,000 after acquiring an additional 65,794 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in shares of TransDigm Group by 73.7% during the 3rd quarter. Voloridge Investment Management LLC now owns 17,546 shares of the aerospace company’s stock worth $9,136,000 after acquiring an additional 7,446 shares during the period. 98.61% of the stock is owned by institutional investors.

The business has a fifty day simple moving average of $577.49 and a two-hundred day simple moving average of $534.82. The stock has a market cap of $32.61 billion, a PE ratio of 36.76, a P/E/G ratio of 2.42 and a beta of 0.96.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, November 19th. The aerospace company reported $5.62 EPS for the quarter, topping analysts’ consensus estimates of $4.85 by $0.77. TransDigm Group had a negative return on equity of 58.95% and a net margin of 16.06%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $4.44 EPS. The business’s revenue for the quarter was up 46.9% compared to the same quarter last year. Sell-side analysts forecast that TransDigm Group Incorporated will post 19.85 EPS for the current year.

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a $32.50 dividend. This is a boost from TransDigm Group’s previous dividend of $30.00. The ex-dividend date was Friday, December 27th.

About TransDigm Group (NYSE:TDG)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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