Transdigm Group (NYSE:TDG – Get Free Report) had its price target cut by TD Cowen from $1,450.00 to $1,300.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price objective would suggest a potential upside of 17.91% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $1,350.00 price objective on shares of Transdigm Group in a report on Wednesday, September 16th. JPMorgan Chase & Co. reduced 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 report on Thursday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Transdigm Group in a research report on Friday, August 28th. UBS Group upped their target price on 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. Finally, Guggenheim assumed coverage on Transdigm Group in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,434.87.
Check Out Our Latest Stock Report on TDG
Transdigm Group Trading Up 1.2%
Transdigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $9.60 EPS. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. Equities research analysts forecast that Transdigm Group will post 38.87 earnings per share for the current year.
Insider Buying and Selling at Transdigm Group
In related news, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $26,639,361.44. The trade was a 31.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $3,940,488. This trade represents a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 28,064 shares of company stock valued at $33,947,338. 3.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Transdigm Group
Large investors have recently modified their holdings of the company. Burkett Financial Services LLC purchased a new position in shares of Transdigm Group in the 2nd quarter valued at $25,000. Western Wealth Management LLC acquired a new stake in shares of Transdigm Group during the first quarter worth $30,000. Meeder Asset Management Inc. purchased a new position in Transdigm Group during the second quarter worth about $31,000. Trust Co. of Vermont purchased a new position in shares of Transdigm Group during the 2nd quarter worth approximately $33,000. Finally, Financial Life Planners acquired a new stake in Transdigm Group in the first quarter valued at $34,000. 95.78% of the stock is owned by hedge funds and other institutional investors.
About Transdigm Group
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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