TransDigm Group (NYSE:TDG) Price Target Lowered to $1,423.00 at UBS Group

TransDigm Group (NYSE:TDG) had its target price lowered by UBS Group from $1,466.00 to $1,423.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of TransDigm Group from a buy rating to a hold rating in a research note on Monday, August 5th. KeyCorp raised their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an overweight rating in a research note on Tuesday, May 28th. Robert W. Baird upped their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a research note on Wednesday, May 8th. Morgan Stanley raised their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Truist Financial increased their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of Moderate Buy and an average target price of $1,417.19.

TransDigm Group Trading Up 1.2 %

Shares of TransDigm Group stock traded up $14.98 during trading on Wednesday, reaching $1,246.10. The stock had a trading volume of 172,042 shares, compared to its average volume of 226,832. The company has a market capitalization of $69.73 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 2.07 and a beta of 1.38. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,369.57. The stock has a fifty day moving average price of $1,279.49 and a two-hundred day moving average price of $1,236.41.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.65% and a net margin of 21.83%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $6.55 EPS. The business’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts forecast that TransDigm Group will post 30.21 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total transaction of $12,928,900.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,547,396.62. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert J. Small sold 30,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the completion of the transaction, the director now directly owns 112,381 shares in the company, valued at approximately $148,776,710.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,547,396.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,708 shares of company stock valued at $137,640,845. 4.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDG. Raymond James Financial Services Advisors Inc. grew its holdings in TransDigm Group by 21.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,366 shares of the aerospace company’s stock worth $2,393,000 after acquiring an additional 423 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in TransDigm Group by 7.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,405 shares of the aerospace company’s stock valued at $1,421,000 after purchasing an additional 103 shares during the period. Valley National Advisers Inc. raised its position in TransDigm Group by 81.0% during the 4th quarter. Valley National Advisers Inc. now owns 105 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 47 shares during the last quarter. International Assets Investment Management LLC raised its position in TransDigm Group by 97,711.9% during the 4th quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock worth $41,558,000 after purchasing an additional 41,039 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in TransDigm Group during the 4th quarter worth about $244,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.