Susquehanna Lowers TransDigm Group (NYSE:TDG) Price Target to $620.00

TransDigm Group (NYSE:TDGGet Rating) had its price target decreased by analysts at Susquehanna from $720.00 to $620.00 in a research report issued on Wednesday, The Fly reports. Susquehanna’s target price indicates a potential upside of 9.49% from the company’s previous close.

Several other analysts have also recently commented on the company. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company decreased their target price on TransDigm Group from $700.00 to $620.00 in a research report on Wednesday. Finally, Morgan Stanley raised their target price on TransDigm Group from $762.00 to $801.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $710.31.

Shares of NYSE TDG opened at $566.24 on Wednesday. The stock has a market capitalization of $31.40 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 1.93 and a beta of 1.43. The stock’s fifty day simple moving average is $635.43 and its 200 day simple moving average is $631.46. TransDigm Group has a 52-week low of $540.28 and a 52-week high of $688.03.

TransDigm Group (NYSE:TDGGet Rating) last issued its earnings results on Tuesday, May 10th. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.17. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TransDigm Group had a negative return on equity of 23.98% and a net margin of 16.23%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 EPS. As a group, sell-side analysts expect that TransDigm Group will post 13.64 EPS for the current year.

In other TransDigm Group news, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $632.64, for a total transaction of $7,275,360.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total value of $3,350,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,500 shares of company stock worth $25,324,315. Corporate insiders own 9.13% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Capital International Investors increased its stake in shares of TransDigm Group by 0.3% in the fourth quarter. Capital International Investors now owns 6,553,399 shares of the aerospace company’s stock worth $4,169,759,000 after purchasing an additional 16,648 shares during the period. BlackRock Inc. increased its stake in shares of TransDigm Group by 8.4% in the fourth quarter. BlackRock Inc. now owns 4,228,746 shares of the aerospace company’s stock worth $2,690,668,000 after purchasing an additional 328,367 shares during the period. Principal Financial Group Inc. increased its stake in shares of TransDigm Group by 5.3% in the first quarter. Principal Financial Group Inc. now owns 3,084,248 shares of the aerospace company’s stock worth $2,009,510,000 after purchasing an additional 156,434 shares during the period. Vulcan Value Partners LLC increased its stake in shares of TransDigm Group by 8.8% in the fourth quarter. Vulcan Value Partners LLC now owns 2,223,480 shares of the aerospace company’s stock worth $1,414,756,000 after purchasing an additional 179,787 shares during the period. Finally, State Street Corp increased its stake in shares of TransDigm Group by 0.7% in the fourth quarter. State Street Corp now owns 2,145,428 shares of the aerospace company’s stock worth $1,365,093,000 after purchasing an additional 13,955 shares during the period. Institutional investors and hedge funds own 99.33% of the company’s stock.

About TransDigm Group (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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