TransDigm Group (NYSE:TDG) Price Target Raised to $1,645.00

TransDigm Group (NYSE:TDG) had its target price boosted by UBS Group from $1,451.00 to $1,645.00 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the aerospace company’s stock.

Several other equities analysts also recently issued reports on TDG. Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,490.20.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,372.20 on Wednesday. The stock has a market cap of $76.96 billion, a PE ratio of 48.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock has a 50-day moving average of $1,353.73 and a two-hundred day moving average of $1,321.93. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,488.54.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $7.99 EPS. TransDigm Group’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $31,801,615.80. This trade represents a 69.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,135 shares of company stock valued at $240,122,586 in the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its position in shares of TransDigm Group by 1.3% in the first quarter. Chicago Partners Investment Group LLC now owns 3,636 shares of the aerospace company’s stock valued at $5,028,000 after acquiring an additional 46 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TransDigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock valued at $504,840,000 after purchasing an additional 14,703 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in TransDigm Group by 11.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 686 shares of the aerospace company’s stock worth $948,000 after purchasing an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of TransDigm Group during the first quarter worth $180,000. Finally, Hemington Wealth Management grew its holdings in shares of TransDigm Group by 32.3% during the first quarter. Hemington Wealth Management now owns 82 shares of the aerospace company’s stock worth $113,000 after buying an additional 20 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.