Analysts Set TransDigm Group Incorporated (NYSE:TDG) PT at $1,465.47

Shares of TransDigm Group Incorporated (NYSE:TDG) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $1,465.47.

Several research firms have issued reports on TDG. JPMorgan Chase & Co. upped their price objective 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. KeyCorp increased their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,301.66 on Thursday. TransDigm Group has a fifty-two week low of $972.08 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $73.19 billion, a PE ratio of 50.85, a P/E/G ratio of 2.89 and a beta of 1.39. The company’s 50-day moving average is $1,300.03 and its 200-day moving average is $1,309.90.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,525 shares of company stock worth $88,134,141. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its stake in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after acquiring an additional 644 shares during the last quarter. Westfield Capital Management Co. LP raised its position in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the last quarter. Swiss National Bank boosted its stake in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of TransDigm Group by 76.2% in the second quarter. Public Sector Pension Investment Board now owns 2,153 shares of the aerospace company’s stock valued at $2,751,000 after buying an additional 931 shares during the period. 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.