Capital Research & Management Co has recently announced that it has increased stake in TransDigm Group Incorporated (NYSE:TDG) by 0.10%. After grabbing 6.54 million shares, the institutional investor is now in possession of 6283.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 12.04% having worth around $4.11 billion. Moreover, The Vanguard Group, Inc. increased its share by 18212.0 to have a control over 5.37 million shares. And Principal Global Investors LLC raised its holdings to 45043.0 shares by acquiring 3.3 million shares or 6.07% of the stake.
TransDigm Group Incorporated (TDG) concluded trading on 01/11/23 at a closing price of $673.83, with 0.54 million shares of worth about $360.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.87% during that period and on Wednesday the price saw a gain of about 2.28%. Currently the company’s common shares owned by public are about 58.20M shares, out of which, 52.69M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the TDG stock and their offered price forecasts bring an average price target of $723.41. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $814.00 and could fall to a lowest price of $660.00. The stock’s current price level is 6.09% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.1% for the stock. However, touching the estimated high of $814.00 would mean a gain of 17.22% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 217 times over the past 12 months. They bought 222,991 shares in 73 of the transactions. In 144 selling transactions, insiders dumped 790,039 shares.
American Funds Growth Fund of Ame, American Funds AMCAP Fund, and American Funds Fundamental Invest are the top 3 mutual funds which are holding stakes in TransDigm Group Incorporated American Funds Growth Fund of Ame is currently holding 2.36 million shares of worth totaling $1.48 billion. The company recently came selling 2226.0 shares which brought its stake up to 4.34% of the company’s outstanding shares. American Funds AMCAP Fund bought 90000.0 shares, after which its hold over company’s outstanding shares expand to 3.50%, leaving 1.9 million shares with the mutual fund that have a worth of about $1.19 billion. American Funds Fundamental Invest, after buying 1.67 million shares, have now control over 3.08% of the stake in the company. It holds 0.0 shares of worth $1.05 billion.
TransDigm Group Incorporated (NYSE: TDG) started trading at $660.00, above $1.2 from concluding price of the previous day. However, the stock later moved at a day high price of 673.94, or with a gain of 2.28%. Stock saw a price change of 6.36% in past 5 days and over the past one month there was a price change of 10.52%. Year-to-date (YTD), TDG shares are showing a performance of 7.02% which increased to 7.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $486.25 but also hit the highest price of $665.78 during that period. The average intraday trading volume for TransDigm Group Incorporated shares is 273.91K. The stock is currently trading 7.55% above its 20-day simple moving average (SMA20), while that difference is up 9.60% for SMA50 and it goes to 14.74% higher than SMA200.
Capital Research & Management Co acquired 6.54 million shares of TransDigm Group Incorporated having value of about $4.11 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 6283.0 shares in the company valued at close to $4233673.89, or have control over 0.10% stake in the company. TransDigm Group Incorporated (NYSE: TDG) currently have 58.20M outstanding shares and institutions hold larger chunk of about 98.00% of that. Holding of mutual funds in the company is about 53.60% while other institutional holders and individual stake holders have control over 8.65% and 41.70% of the stake respectively.
The stock has a current market capitalization of $35.93B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 50.57, while it has posted earnings per share of $13.32 in the same period. Its PEG reads 1.92 and has Quick Ratio of 3.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TDG, volatility over the week remained 1.90% while standing at 1.84% over the month.
Analysts are in expectations that TransDigm Group Incorporated (TDG) stock would likely to be making an EPS of $5.21 in the current quarter, while forecast for next quarter EPS is $4.18 and it is $21.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.38 which is $5.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 28.80% while it is estimated to increase by 20.98% in next year. EPS is likely to grow at an annualized rate of 26.28% for next 5-years, compared to annual growth of 9.60% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the TransDigm Group Incorporated (TDG)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 18 Wall Street analysts, 12 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on November 28, 2022 offering an Equal weight rating for the stock and assigned a target price range of between $735 and $660 to it. Coverage by Credit Suisse stated TransDigm Group Incorporated (TDG) stock as an Outperform in their note to investors on October 12, 2022, suggesting a price target of $661 for the stock. On October 11, 2022, Wolfe Research Initiated their recommendations, while on February 16, 2022, Wolfe Research Resumed their ratings for the stock with a price target of $760. Stock get a Buy rating from Truist on January 07, 2022.
