JPMorgan Chase & Co. Increases TransDigm Group (NYSE:TDG) Price Target to $1,435.00

TransDigm Group (NYSE:TDG) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $1,350.00 to $1,435.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.25% from the company’s current price.

Several other brokerages have also recently issued reports on TDG. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Trading Up 1.4 %

NYSE TDG traded up $18.13 during trading hours on Wednesday, hitting $1,350.62. 118,908 shares of the company’s stock traded hands, compared to its average volume of 224,633. The business’s fifty day moving average price is $1,274.02 and its two-hundred day moving average price is $1,260.39. The firm has a market capitalization of $75.78 billion, a P/E ratio of 53.57, a P/E/G ratio of 2.17 and a beta of 1.42. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,380.83.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $6.55 earnings per share. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group will post 30.57 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now directly owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the completion of the sale, the director now directly owns 112,381 shares of the company’s stock, valued at $148,776,710.66. The disclosure for this sale can be found here. In the last ninety days, insiders have 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 large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares during the period. Capital World Investors boosted its position in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares during the period. Capital Research Global Investors raised its stake in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TransDigm Group in the 4th quarter worth $790,822,000. Institutional investors and hedge funds 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.