TransDigm Group (NYSE:TDG) PT Raised to $1,524.00 at Deutsche Bank Aktiengesellschaft

TransDigm Group (NYSE:TDGFree Report) had its price target lifted by Deutsche Bank Aktiengesellschaft from $1,435.00 to $1,524.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group lifted their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Royal Bank of Canada upped their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an overweight rating in a research note on Thursday, May 9th. Truist Financial boosted their price target on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Citigroup lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a buy rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $1,403.88.

Check Out Our Latest Research Report on TransDigm Group

TransDigm Group Stock Performance

TDG opened at $1,321.09 on Thursday. The stock’s fifty day moving average is $1,294.61 and its 200-day moving average is $1,175.95. TransDigm Group has a one year low of $802.46 and a one year high of $1,369.57. The company has a market capitalization of $73.93 billion, a PE ratio of 52.40, a P/E/G ratio of 2.26 and a beta of 1.39.

TransDigm Group (NYSE:TDGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company posted $5.39 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group will post 29.99 EPS for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 21,210 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the sale, the director now directly owns 100,962 shares in the company, valued at $132,852,866.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,674,906.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 21,210 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the transaction, the director now owns 100,962 shares of the company’s stock, valued at approximately $132,852,866.94. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock valued at $131,249,183 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in shares of TransDigm Group by 15.0% in the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after purchasing an additional 762 shares in the last quarter. Intech Investment Management LLC boosted its position in TransDigm Group by 68.2% in the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after buying an additional 3,458 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of TransDigm Group by 2,361.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after buying an additional 75,784 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of TransDigm Group during the fourth quarter worth approximately $1,909,000. Finally, Townsquare Capital LLC boosted its holdings in shares of TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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