Wells Fargo & Company Forecasts Strong Price Appreciation for TransDigm Group (NYSE:TDG) Stock

TransDigm Group (NYSE:TDG) had its price objective hoisted by Wells Fargo & Company from $1,500.00 to $1,580.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Finally, Truist Financial upped their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,477.18.

TransDigm Group Stock Up 1.0 %

TDG opened at $1,393.62 on Tuesday. The firm has a market cap of $78.16 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The business’s 50 day moving average is $1,339.15 and its two-hundred day moving average is $1,328.23.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.16 EPS. Equities analysts expect that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last quarter. 4.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of TransDigm Group by 7.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock worth $23,295,000 after buying an additional 1,086 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock valued at $9,901,000 after buying an additional 888 shares during the last quarter. Finally, Unigestion Holding SA purchased a new position in shares of TransDigm Group during the third quarter valued at approximately $1,476,000. 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.