TransDigm Group (NYSE:TDG) Shares Gap Down to $1,301.63

TransDigm Group Incorporated (NYSE:TDG)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $1,301.63, but opened at $1,240.02. TransDigm Group shares last traded at $1,266.53, with a volume of 50,340 shares traded.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. KeyCorp raised their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Barclays raised their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. UBS Group increased their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,311.81.

TransDigm Group Stock Performance

The firm’s fifty day simple moving average is $1,222.89 and its 200-day simple moving average is $1,087.09. The stock has a market cap of $73.34 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.39 earnings per share. Analysts predict that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 11 shares of company stock valued at $5,950 and have sold 59,088 shares valued at $69,841,110. 4.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of TDG. Vanguard Group Inc. raised its holdings in TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the last quarter. Capital World Investors lifted its position in TransDigm Group by 4.0% in the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after acquiring an additional 120,058 shares in the last quarter. FMR LLC boosted its stake in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after purchasing an additional 136,834 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Company Profile

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.