TransDigm Group (NYSE:TDG) Given New $1,563.00 Price Target at Citigroup

TransDigm Group (NYSE:TDG) had its price objective decreased by Citigroup from $1,648.00 to $1,563.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

A number of other research analysts have also issued reports on the stock. Jefferies Financial Group lowered their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Truist Financial raised their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Up 1.6 %

Shares of TransDigm Group stock opened at $1,350.98 on Wednesday. TransDigm Group has a 12-month low of $935.84 and a 12-month high of $1,451.32. The stock has a 50 day moving average price of $1,368.14 and a two-hundred day moving average price of $1,316.15. The stock has a market capitalization of $75.80 billion, a P/E ratio of 52.77, a PEG ratio of 1.83 and a beta of 1.43.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,944 shares of company stock worth $35,823,485. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norden Group LLC bought a new stake in shares of TransDigm Group during the first quarter worth $443,000. Private Advisor Group LLC lifted its holdings in TransDigm Group by 112.3% during the 1st quarter. Private Advisor Group LLC now owns 1,558 shares of the aerospace company’s stock worth $1,919,000 after buying an additional 824 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the 1st quarter valued at $39,000. Texas Permanent School Fund Corp lifted its stake in shares of TransDigm Group by 0.6% during the first quarter. Texas Permanent School Fund Corp now owns 11,494 shares of the aerospace company’s stock valued at $14,156,000 after acquiring an additional 73 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in shares of TransDigm Group by 2,880.0% during the first quarter. Manchester Capital Management LLC now owns 149 shares of the aerospace company’s stock valued at $184,000 after acquiring an additional 144 shares during the period. Institutional investors 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.