The Goldman Sachs Group Raises TransDigm Group (NYSE:TDG) Price Target to $1,518.00

TransDigm Group (NYSE:TDG) had its target price raised by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a buy rating in a research note on Thursday, April 4th. Truist Financial boosted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a research report on Friday, February 9th. Royal Bank of Canada boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Finally, Barclays boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an overweight rating in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $1,163.27.

TransDigm Group Stock Down 2.2 %

Shares of TDG stock opened at $1,187.08 on Tuesday. The business has a 50 day moving average of $1,192.72 and a two-hundred day moving average of $1,046.08. TransDigm Group has a 52 week low of $741.74 and a 52 week high of $1,248.39. The company has a market cap of $66.01 billion, a P/E ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $4.15 earnings per share. TransDigm Group’s quarterly revenue was up 28.1% compared to the same quarter last year. Analysts expect that TransDigm Group will post 29.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction on 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 transaction, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 over the last ninety days. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Large investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group during the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group in the fourth quarter worth $26,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group in the third quarter worth $27,000. Resurgent Financial Advisors LLC acquired a new position in shares of TransDigm Group in the fourth quarter worth $30,000. Finally, Optiver Holding B.V. acquired a new position in shares of TransDigm Group in the third quarter worth $35,000. 95.78% of the stock is owned by institutional investors and hedge funds.

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.