TransDigm Group (NYSE:TDG) Price Target Raised to $1,300.00 at Susquehanna

TransDigm Group (NYSE:TDG) had its target price lifted by stock analysts at Susquehanna from $1,250.00 to $1,300.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. Susquehanna’s target price would suggest a potential downside of 6.77% from the company’s current price.

Several other brokerages also recently weighed in on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company raised their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,480.12.

TransDigm Group Stock Down 0.2 %

Shares of TransDigm Group stock traded down $3.10 on Wednesday, reaching $1,394.34. 33,163 shares of the stock were exchanged, compared to its average volume of 253,811. The business has a 50 day moving average price of $1,344.78 and a two-hundred day moving average price of $1,330.16. The firm has a market capitalization of $78.20 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $7.16 EPS. Research analysts forecast that TransDigm Group will post 35.13 EPS for the current year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Several large investors have recently added to or reduced their stakes in TDG. Public Sector Pension Investment Board boosted its position in shares of TransDigm Group by 13.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock valued at $3,501,000 after acquiring an additional 300 shares during the last quarter. Captrust Financial Advisors boosted its holdings in TransDigm Group by 0.8% in the 3rd quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after purchasing an additional 20 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Benjamin Edwards Inc. acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $1,550,000. Finally, Ascent Group LLC raised its position in shares of TransDigm Group by 2.1% during the 3rd quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $1,483,000 after buying an additional 21 shares during the period. 95.78% of the stock is currently owned by hedge funds and other 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.