TransDigm Group (NYSE:TDG) Price Target Lowered to $1,375.00 at Wells Fargo & Company

TransDigm Group (NYSE:TDG) had its target price cut by Wells Fargo & Company from $1,410.00 to $1,375.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Susquehanna boosted their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,469.83.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,360.10 on Tuesday. The business’s 50-day simple moving average is $1,337.24 and its 200-day simple moving average is $1,323.23. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm has a market capitalization of $76.28 billion, a PE ratio of 47.98, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business posted $7.16 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that TransDigm Group will post 35.13 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $167,165,496 in the last three months. 4.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

Institutional investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC raised its position in TransDigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Park Square Financial Group LLC bought a new position in TransDigm Group in the fourth quarter valued at approximately $32,000. Finally, Versant Capital Management Inc raised its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.