TransDigm Group (NYSE:TDG) Price Target Raised to $1,425.00

TransDigm Group (NYSE:TDG) had its price objective upped by equities researchers at Truist Financial from $1,267.00 to $1,425.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price points to a potential upside of 8.28% from the stock’s current price.

TDG has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird lifted their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada upped their target price on shares of 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. Citigroup lifted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,240.60.

TransDigm Group Trading Up 0.4 %

Shares of NYSE:TDG traded up $5.69 on Wednesday, reaching $1,316.09. 38,969 shares of the company’s stock were exchanged, compared to its average volume of 208,247. The company has a market capitalization of $73.19 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 2.63 and a beta of 1.40. The company has a fifty day moving average of $1,217.21 and a 200-day moving average of $1,083.86. TransDigm Group has a twelve month low of $766.00 and a twelve month high of $1,325.36.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.80% and a negative return on equity of 59.61%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.39 earnings per share. As a group, equities research analysts forecast that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

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 transaction, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock worth $69,840,358 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in TransDigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after purchasing an additional 104,433 shares during the last quarter. Deutsche Bank AG raised its stake 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 valued at $2,859,376,000 after purchasing an additional 3,225,771 shares in the last quarter. Capital World Investors boosted its holdings in shares of 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 buying an additional 120,058 shares during the period. FMR LLC grew 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 worth $1,392,355,000 after buying an additional 136,834 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.