Jefferies Financial Group Cuts TransDigm Group (NYSE:TDG) Price Target to $1,515.00

TransDigm Group (NYSE:TDG) had its price objective trimmed by Jefferies Financial Group from $1,625.00 to $1,515.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

Other equities analysts have also issued reports about the stock. Bank of America upped their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a neutral rating for the company. Royal Bank of Canada restated an outperform rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Finally, Barclays increased 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 note on Monday, May 13th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $1,422.94.

TransDigm Group Stock Up 1.9 %

TDG opened at $1,272.34 on Tuesday. The stock has a market cap of $71.20 billion, a P/E ratio of 50.47, a P/E/G ratio of 2.06 and a beta of 1.38. TransDigm Group has a 12 month low of $802.46 and a 12 month high of $1,369.57. The company has a fifty day simple moving average of $1,271.91 and a 200 day simple moving average of $1,240.16.

TransDigm Group (NYSE:TDG) last announced its 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. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.55 EPS. On average, equities research analysts expect that TransDigm Group will post 30.21 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock valued at $133,146,005 in the last three months. 4.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TDG. Oakworth Capital Inc. bought a new position in TransDigm Group in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC increased its stake in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in TransDigm Group in the first quarter valued at approximately $30,000. VisionPoint Advisory Group LLC bought a new position in TransDigm Group in the fourth quarter valued at approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.