Transdigm Group (NYSE:TDG) Price Target Cut to $1,600.00 by Analysts at Morgan Stanley

Transdigm Group (NYSE:TDG) had its price objective reduced by Morgan Stanley from $1,750.00 to $1,600.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

A number of other analysts have also recently commented on TDG. Royal Bank Of Canada cut shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Stifel Nicolaus began coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 target price on the stock. Truist Financial boosted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 11th. The Goldman Sachs Group boosted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, Susquehanna dropped their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Transdigm Group Stock Down 5.7%

NYSE:TDG opened at $1,237.74 on Wednesday. The stock has a market cap of $69.75 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The firm’s fifty day simple moving average is $1,329.97 and its 200 day simple moving average is $1,405.19. Transdigm Group has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm earned $9.00 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, analysts expect that Transdigm Group will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Insiders Place Their Bets

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. The trade was a 5.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock worth $28,755,142 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Winch Advisory Services LLC increased its position in shares of 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 purchasing an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group during the 1st quarter valued at about $30,000. Bank of Jackson Hole Trust increased its position in shares of Transdigm Group by 84.6% during the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Transdigm Group by 1,250.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Transdigm Group during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.