Truist Financial Boosts TransDigm Group (NYSE:TDG) Price Target to $1,425.00

TransDigm Group (NYSE:TDGFree Report) had its price target lifted by Truist Financial from $1,267.00 to $1,425.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

TDG has been the topic of a number of other research reports. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a report on Monday, February 12th. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a report on Wednesday, March 27th. Finally, UBS Group upped their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a neutral rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,311.81.

View Our Latest Stock Analysis on TDG

TransDigm Group Trading Down 0.6 %

TDG opened at $1,310.49 on Wednesday. The stock has a fifty day simple moving average of $1,225.44 and a two-hundred day simple moving average of $1,090.45. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.39. TransDigm Group has a 12-month low of $768.05 and a 12-month high of $1,330.82.

TransDigm Group (NYSE:TDGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned $5.39 EPS. On average, analysts predict that TransDigm Group will post 29.08 EPS for the current year.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on 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 transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The disclosure for this sale can be found here. In the last three months, insiders purchased 11 shares of company stock worth $5,950 and sold 59,088 shares worth $69,841,110. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA purchased a new stake in TransDigm Group in the 4th quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group during the fourth quarter worth about $26,000. ORG Partners LLC bought a new stake in TransDigm Group during the 1st quarter valued at approximately $30,000. Optiver Holding B.V. purchased a new position in TransDigm Group in the 3rd quarter worth approximately $35,000. Finally, VisionPoint Advisory Group LLC bought a new position in TransDigm Group in the 4th quarter worth approximately $37,000. 95.78% of the stock is currently owned by institutional investors.

About TransDigm Group

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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.

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