Susquehanna Forecasts Strong Price Appreciation for Transdigm Group (NYSE:TDG) Stock

Transdigm Group (NYSE:TDG) had its price target hoisted by stock analysts at Susquehanna from $1,300.00 to $1,600.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s price objective would suggest a potential upside of 1.48% from the company’s previous close.

A number of other research firms have also issued reports on TDG. Truist Financial lifted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 11th. Stifel Nicolaus initiated coverage on Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price target for the company. Wall Street Zen raised Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Finally, KeyCorp lifted their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,594.80.

Transdigm Group Trading Up 0.1%

NYSE:TDG opened at $1,576.61 on Monday. The firm has a market cap of $88.56 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 3.18 and a beta of 1.04. The stock has a fifty day moving average price of $1,459.18 and a 200 day moving average price of $1,378.07. Transdigm Group has a 12-month low of $1,176.31 and a 12-month high of $1,585.87.

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, beating analysts’ consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. Transdigm Group’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $7.99 earnings per share. Equities analysts forecast that Transdigm Group will post 35.13 EPS for the current year.

Insider Buying and Selling at Transdigm Group

In other news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director owned 88,419 shares in the company, valued at $125,997,959.19. This trade represents a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,413 shares of company stock valued at $172,987,751. 4.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Transdigm Group

Institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC raised its stake in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC raised its stake in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in Transdigm Group during the 1st quarter valued at approximately $30,000. Park Square Financial Group LLC purchased a new stake in Transdigm Group during the 4th quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. raised its stake in Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. 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.