Analysts Set TransDigm Group Incorporated (NYSE:TDG) Price Target at $1,438.24

TransDigm Group Incorporated (NYSE:TDG) has been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $1,438.24.

A number of brokerages have weighed in on TDG. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Truist Financial raised their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a report on Friday, June 7th.

TransDigm Group Trading Up 0.4 %

TransDigm Group stock opened at $1,373.19 on Tuesday. TransDigm Group has a 52 week low of $802.46 and a 52 week high of $1,388.41. The stock has a market cap of $76.84 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 2.12 and a beta of 1.42. The company’s 50-day moving average price is $1,283.91 and its two-hundred day moving average price is $1,270.47.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.55 earnings per share. Research analysts expect that TransDigm Group will post 30.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’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 is accessible through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Insiders have sold 28,073 shares of company stock worth $34,795,388 in the last 90 days. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in shares of TransDigm Group by 15.0% in the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after buying an additional 762 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of TransDigm Group by 68.2% during the 4th 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 during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of TransDigm Group during the 4th quarter valued at $1,909,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after purchasing an additional 3,120 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

About TransDigm Group

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.