Transdigm Group (NYSE:TDG – Free Report) had its price objective reduced by Royal Bank Of Canada from $1,350.00 to $1,200.00 in a research report released on Thursday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.
Other equities research analysts have also recently issued reports about the stock. UBS Group boosted their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Stifel Nicolaus reiterated a “hold” rating and set a $1,405.00 target price (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Guggenheim started coverage on Transdigm Group in a research note on Tuesday, September 15th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley lowered Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has a consensus rating of “Hold” and an average target price of $1,431.40.
View Our Latest Report on Transdigm Group
Transdigm Group Stock Up 0.4%
TDG opened at $1,138.65 on Thursday. The stock has a market cap of $63.68 billion, a P/E ratio of 34.55, a P/E/G ratio of 1.61 and a beta of 0.96. Transdigm Group has a 12 month low of $1,071.25 and a 12 month high of $1,463.03. The company has a fifty day simple moving average of $1,146.42 and a 200 day simple moving average of $1,206.84.
Transdigm Group (NYSE:TDG – Get Free Report) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $9.60 earnings per share. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. On average, equities research analysts expect that Transdigm Group will post 38.88 earnings per share for the current fiscal year.
Insider Transactions at Transdigm Group
In other news, COO Joel Reiss sold 4,100 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,060,944. This represents a 53.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W. Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,164 shares of company stock valued at $38,572,302. Company insiders own 3.20% of the company’s stock.
Institutional Trading of Transdigm Group
Several institutional investors have recently added to or reduced their stakes in TDG. BlackRock Inc. bought a new stake in Transdigm Group during the second quarter worth $6,489,039,000. State Street Corp raised its position in Transdigm Group by 1.7% during the 2nd quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock worth $3,408,818,000 after purchasing an additional 42,490 shares during the last quarter. Soroban Capital Partners LP lifted its position in shares of Transdigm Group by 14.5% in the 1st quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock worth $992,298,000 after purchasing an additional 108,227 shares during the period. Stockbridge Partners LLC bought a new stake in shares of Transdigm Group during the 2nd quarter valued at about $578,480,000. Finally, Primecap Management Co. CA acquired a new position in shares of Transdigm Group during the 2nd quarter valued at $546,425,000. 95.78% of the stock is currently owned by institutional investors.
Transdigm Group Company Profile
TransDigm Group Incorporated is an aerospace manufacturing company that designs, produces and supplies highly engineered aircraft components, systems and related products. Its offerings include engine and airframe components, ignition systems, pumps, valves, cockpit and cabin equipment, data and control systems, and other specialized products used on commercial, business, general aviation and military aircraft.
The company serves both original equipment manufacturers and the aftermarket.
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