Transdigm Group (NYSE:TDG – Get Free Report) had its price target lifted by stock analysts at BMO Capital Markets from $1,450.00 to $1,525.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. BMO Capital Markets’ price target indicates a potential upside of 13.51% from the company’s current price.
Several other equities research analysts have also weighed in on TDG. Deutsche Bank Aktiengesellschaft upped their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company started coverage on shares of Transdigm Group in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $1,200.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Stifel Nicolaus reduced their target price on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price target on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,518.25.
Get Our Latest Analysis on Transdigm Group
Transdigm Group Price Performance
Transdigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating the consensus estimate of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $9.11 EPS. Transdigm Group’s quarterly revenue was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. As a group, equities analysts expect that Transdigm Group will post 37.99 EPS for the current fiscal year.
Insider Buying and Selling at Transdigm Group
In other news, Director W Nicholas Howley sold 10,132 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $1,319.55, for a total transaction of $13,369,680.60. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at $28,433,663.40. This represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,596,408. This represents a 52.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,096 shares of company stock valued at $52,625,524 over the last three months. Insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On Transdigm Group
A number of institutional investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division lifted its stake in Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock valued at $35,000 after buying an additional 8 shares during the period. Family Legacy Inc. boosted its stake in Transdigm Group by 0.3% during the 4th quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock worth $3,184,000 after acquiring an additional 8 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Transdigm Group by 17.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 8 shares during the period. Patton Fund Management Inc. increased its stake in Transdigm Group by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 167 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Transdigm Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company’s stock valued at $398,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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