Transdigm Group (NYSE:TDG) Price Target Raised to $1,700.00

Transdigm Group (NYSE:TDG) had its target price boosted by KeyCorp from $1,500.00 to $1,700.00 in a research note issued to investors on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the aerospace company’s stock.

Several other research firms have also recently weighed in on TDG. Wells Fargo & Company raised their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Truist Financial cut their price target on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Susquehanna raised their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Finally, UBS Group raised their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Transdigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,545.80.

Transdigm Group Trading Up 0.7%

NYSE:TDG opened at $1,522.69 on Wednesday. Transdigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,528.45. The stock has a 50-day moving average price of $1,442.36 and a 200 day moving average price of $1,364.77. The stock has a market capitalization of $85.53 billion, a P/E ratio of 51.41, a P/E/G ratio of 3.25 and a beta of 1.04.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $7.99 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Transdigm Group will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company’s stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Transdigm Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after acquiring an additional 89,121 shares during the period. Capital World Investors boosted its holdings in Transdigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. boosted its holdings in Transdigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. FMR LLC boosted its holdings in Transdigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after acquiring an additional 5,414 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Transdigm Group by 4.8% during the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company’s stock valued at $2,421,979,000 after acquiring an additional 87,309 shares during the period. Hedge funds and other institutional investors 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.