TransDigm Group’s (TDG) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of TransDigm Group (NYSE:TDG) in a research report released on Thursday, Benzinga reports. The brokerage currently has a $1,500.00 price objective on the aerospace company’s stock.

A number of other analysts have also recently issued reports on TDG. Robert W. Baird increased their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a report on Wednesday, May 8th. Citigroup raised their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a buy rating in a report on Thursday, April 4th. The Goldman Sachs Group raised their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a report on Tuesday, April 16th. Bank of America raised their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a buy rating in a report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a buy rating in a report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,410.13.

TransDigm Group Stock Performance

Shares of TDG opened at $1,277.61 on Thursday. The stock’s 50-day simple moving average is $1,303.77 and its 200 day simple moving average is $1,185.66. The stock has a market capitalization of $71.50 billion, a price-to-earnings ratio of 50.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.39 EPS. On average, research analysts forecast that TransDigm Group will post 30.04 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the completion of the transaction, the director now owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,833 shares of company stock worth $131,249,183. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors raised its stake in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the last quarter. Capital Research Global Investors raised its stake in TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. raised its stake in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares during the last quarter. Finally, Norges Bank purchased a new position in TransDigm Group during the fourth quarter valued at $790,822,000. Hedge funds and other institutional investors own 95.78% 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.