TransDigm Group (NYSE:TDG) Price Target Raised to $1,534.00 at Truist Financial

TransDigm Group (NYSE:TDG) had its price target raised by stock analysts at Truist Financial from $1,482.00 to $1,534.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential upside of 18.33% from the stock’s current price.

Several other brokerages have also recently weighed in on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company reduced their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

TransDigm Group Trading Up 1.4 %

NYSE TDG traded up $17.90 on Tuesday, hitting $1,296.36. 26,578 shares of the company’s stock were exchanged, compared to its average volume of 237,387. TransDigm Group has a 52 week low of $1,017.80 and a 52 week high of $1,451.32. The stock has a market cap of $72.89 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.89 and a beta of 1.38. The stock has a 50-day moving average of $1,280.48 and a 200-day moving average of $1,305.91.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,053 shares of company stock worth $76,252,495. Insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Windacre Partnership LLC increased its holdings in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Darsana Capital Partners LP acquired a new position in shares of TransDigm Group in the 2nd quarter valued at $210,806,000. International Assets Investment Management LLC increased its holdings in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after acquiring an additional 48,833 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after buying an additional 48,769 shares during the period. 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.