KeyCorp Boosts TransDigm Group (NYSE:TDG) Price Target to $1,325.00

TransDigm Group (NYSE:TDG) had its target price increased by KeyCorp from $1,220.00 to $1,325.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

TDG has been the subject of several other reports. 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. Susquehanna upped their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a neutral rating in a research report on Friday, February 9th. Citigroup upped their price target 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. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus upped their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a hold rating in a research report on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $1,170.27.

TransDigm Group Trading Down 0.1 %

NYSE:TDG opened at $1,241.62 on Monday. TransDigm Group has a 12 month low of $741.74 and a 12 month high of $1,255.59. The stock has a 50 day moving average of $1,198.81 and a two-hundred day moving average of $1,055.92. The firm has a market cap of $69.05 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $4.15 EPS. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. On average, research analysts forecast that TransDigm Group will post 29.08 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of TransDigm Group

A number of large investors have recently modified their holdings of TDG. Vontobel Holding Ltd. purchased a new stake in shares of TransDigm Group during the third quarter worth $1,117,000. CWM LLC increased its position in shares of TransDigm Group by 12.4% during the third quarter. CWM LLC now owns 770 shares of the aerospace company’s stock worth $649,000 after acquiring an additional 85 shares during the period. AE Wealth Management LLC increased its position in shares of TransDigm Group by 12.5% during the third quarter. AE Wealth Management LLC now owns 315 shares of the aerospace company’s stock worth $266,000 after acquiring an additional 35 shares during the period. HB Wealth Management LLC increased its holdings in TransDigm Group by 49.7% in the third quarter. HB Wealth Management LLC now owns 446 shares of the aerospace company’s stock valued at $376,000 after buying an additional 148 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in TransDigm Group by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 6,560 shares of the aerospace company’s stock valued at $5,530,000 after buying an additional 90 shares during 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.