TransDigm Group (NYSE:TDG) Price Target Cut to $1,515.00 by Analysts at Jefferies Financial Group

TransDigm Group (NYSE:TDG) had its price objective cut by Jefferies Financial Group from $1,625.00 to $1,515.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other research analysts also recently commented on TDG. Bank of America increased their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a buy rating in a report on Wednesday, May 29th. Barclays raised their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an overweight rating in a report on Monday, May 13th. The Goldman Sachs Group upped their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a report on Tuesday, April 16th. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a hold rating in a research note on Friday, June 7th. Finally, UBS Group decreased their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a neutral rating for the company in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $1,422.94.

TransDigm Group Stock Up 0.6 %

Shares of TransDigm Group stock opened at $1,280.08 on Tuesday. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,369.57. The company has a market capitalization of $71.83 billion, a P/E ratio of 50.78, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a 50 day moving average of $1,271.32 and a 200 day moving average of $1,241.53.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.55 EPS. As a group, research analysts anticipate that TransDigm Group will post 30.58 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,708 shares of company stock worth $133,146,005. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of TransDigm Group by 775.0% during the 2nd quarter. Quarry LP now owns 140 shares of the aerospace company’s stock worth $179,000 after acquiring an additional 124 shares in the last quarter. NewEdge Advisors LLC raised its holdings in TransDigm Group by 749.8% during the second quarter. NewEdge Advisors LLC now owns 1,844 shares of the aerospace company’s stock worth $2,356,000 after purchasing an additional 1,627 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in TransDigm Group by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,497 shares of the aerospace company’s stock worth $5,745,000 after purchasing an additional 120 shares in the last quarter. Creative Planning grew its holdings in TransDigm Group by 25.8% in the second quarter. Creative Planning now owns 5,624 shares of the aerospace company’s stock valued at $7,185,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Ascent Group LLC increased its position in shares of TransDigm Group by 2.6% in the second quarter. Ascent Group LLC now owns 1,018 shares of the aerospace company’s stock valued at $1,301,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.