Transdigm Group (NYSE:TDG) Stock Price Expected to Rise, Citigroup Analyst Says

Transdigm Group (NYSE:TDG) had its target price upped by Citigroup from $1,635.00 to $1,795.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target suggests a potential upside of 13.85% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 target price for the company. The Goldman Sachs Group boosted their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. UBS Group upped their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. 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 research note on Friday, July 11th. Finally, KeyCorp upped their price target on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,594.80.

Transdigm Group Stock Performance

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

Transdigm Group (NYSE:TDG) last announced 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. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm posted $7.99 EPS. Transdigm Group’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Transdigm Group will post 35.13 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at $4,930,000. This represents a 34.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’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 sale, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,413 shares of company stock valued at $172,987,751 in the last three months. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its holdings in shares of Transdigm Group by 111.1% during the first 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 period. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 7 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Transdigm Group in the 1st quarter valued at $30,000. Park Square Financial Group LLC acquired a new stake in Transdigm Group in the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after buying an additional 21 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.