TransDigm Group (NYSE:TDG) PT Raised to $1,200.00

TransDigm Group (NYSE:TDG) had its price target upped by research analysts at Stifel Nicolaus from $1,100.00 to $1,200.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 1.11% from the stock’s current price.

TDG has been the topic of a number of other research reports. Citigroup boosted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial boosted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, KeyCorp upped their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,163.27.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,213.50 on Wednesday. The stock’s fifty day simple moving average is $1,191.38 and its 200 day simple moving average is $1,043.56. The firm has a market cap of $67.48 billion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 2.49 and a beta of 1.42. TransDigm Group has a one year low of $741.74 and a one year high of $1,248.39.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.15 EPS. On average, research analysts anticipate that TransDigm Group will post 29.03 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of TransDigm Group during the fourth quarter worth about $37,000. Finally, International Assets Investment Management LLC bought a new position in shares of TransDigm Group during the third quarter worth about $36,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.