UBS Group Raises TransDigm Group (NYSE:TDG) Price Target to $1,466.00

TransDigm Group (NYSE:TDG) had its price target increased by UBS Group from $1,403.00 to $1,466.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

A number of other brokerages also recently issued reports on TDG. Morgan Stanley raised their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an overweight rating in a research note on Thursday, May 9th. Barclays raised their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an overweight rating in a research report on Monday, May 13th. Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an equal weight rating in a report on Wednesday, May 8th. KeyCorp raised their price target on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. Finally, Susquehanna upped their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a neutral rating in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $1,414.06.

TransDigm Group Trading Up 0.4 %

NYSE:TDG opened at $1,283.50 on Monday. The company has a market cap of $71.82 billion, a P/E ratio of 50.91, a P/E/G ratio of 2.16 and a beta of 1.38. TransDigm Group has a twelve month low of $802.46 and a twelve month high of $1,369.57. The company’s 50-day moving average price is $1,306.39 and its 200-day moving average price is $1,191.47.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $5.39 EPS. On average, analysts expect that TransDigm Group will post 30.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 21,210 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the completion of the sale, the director now owns 100,962 shares in the company, valued at $132,852,866.94. The disclosure for this sale can be found here. Insiders have sold 100,833 shares of company stock worth $131,249,183 over the last three months. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors and hedge funds have recently made changes to their positions in TDG. Advisory Services Network LLC grew its holdings in TransDigm Group by 15.0% during the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock worth $5,913,000 after acquiring an additional 762 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after purchasing an additional 3,458 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after buying an additional 75,784 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in TransDigm Group in the fourth quarter valued at $1,909,000. Finally, Townsquare Capital LLC lifted its holdings in TransDigm Group by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after buying an additional 114 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Company Profile

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.