TransDigm Group Incorporated (NYSE:TDG – Free Report) – Equities research analysts at Zacks Research lifted their FY2023 earnings estimates for shares of TransDigm Group in a research report issued to clients and investors on Tuesday, August 22nd. Zacks Research analyst S. Kedia now anticipates that the aerospace company will post earnings per share of $22.78 for the year, up from their prior forecast of $21.49. The consensus estimate for TransDigm Group’s current full-year earnings is $22.86 per share. Zacks Research also issued estimates for TransDigm Group’s Q4 2023 earnings at $6.72 EPS, Q1 2024 earnings at $5.36 EPS, Q2 2024 earnings at $5.73 EPS, Q3 2024 earnings at $6.86 EPS, Q4 2024 earnings at $7.01 EPS, FY2024 earnings at $24.95 EPS, Q1 2025 earnings at $6.55 EPS, Q2 2025 earnings at $6.97 EPS, Q3 2025 earnings at $7.46 EPS and FY2025 earnings at $28.98 EPS.
Other research analysts also recently issued reports about the company. Susquehanna increased their target price on TransDigm Group from $820.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Royal Bank of Canada increased their target price on TransDigm Group from $920.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley raised their price target on TransDigm Group from $793.00 to $1,000.00 in a research report on Monday, May 15th. Finally, Truist Financial raised their price target on TransDigm Group from $870.00 to $1,044.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $920.54.
TransDigm Group Stock Performance
NYSE TDG opened at $864.77 on Friday. The company has a market capitalization of $47.72 billion, a P/E ratio of 46.07, a P/E/G ratio of 1.50 and a beta of 1.38. TransDigm Group has a one year low of $499.63 and a one year high of $940.00. The stock has a 50 day moving average price of $876.67 and a 200-day moving average price of $800.65.
TransDigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $1.38. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.69 billion. TransDigm Group had a net margin of 18.41% and a negative return on equity of 39.57%. The company’s revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm posted $4.36 EPS.
Insiders Place Their Bets
In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $853.76, for a total value of $2,561,280.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $3,073,536. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director W Nicholas Howley sold 3,250 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $812.77, for a total transaction of $2,641,502.50. Following the transaction, the director now owns 21,548 shares in the company, valued at $17,513,567.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $853.76, for a total value of $2,561,280.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,073,536. The disclosure for this sale can be found here. Insiders have sold a total of 59,602 shares of company stock worth $51,247,446 over the last quarter. Company insiders own 7.18% of the company’s stock.
Hedge Funds Weigh In On TransDigm Group
Several institutional investors have recently made changes to their positions in the company. Blue Fin Capital Inc. increased its stake in shares of TransDigm Group by 2.3% during the second quarter. Blue Fin Capital Inc. now owns 542 shares of the aerospace company’s stock valued at $485,000 after buying an additional 12 shares during the period. Beacon Pointe Advisors LLC grew its stake in TransDigm Group by 1.3% in the second quarter. Beacon Pointe Advisors LLC now owns 925 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 12 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in TransDigm Group by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,212 shares of the aerospace company’s stock valued at $1,393,000 after purchasing an additional 14 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in TransDigm Group by 1.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 853 shares of the aerospace company’s stock valued at $537,000 after purchasing an additional 14 shares during the last quarter. Finally, Spire Wealth Management grew its stake in TransDigm Group by 9.9% in the first quarter. Spire Wealth Management now owns 155 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.
TransDigm Group Company Profile
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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