TransDigm Group (NYSE:TDG) Given New $1,150.00 Price Target at Royal Bank of Canada

TransDigm Group (NYSE:TDG) had its price objective boosted by Royal Bank of Canada from $975.00 to $1,150.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the aerospace company’s stock.

TDG has been the topic of several other reports. Truist Financial reaffirmed a buy rating and issued a $1,044.00 target price on shares of TransDigm Group in a research report on Friday, October 20th. Deutsche Bank Aktiengesellschaft initiated coverage on TransDigm Group in a research note on Wednesday, September 27th. They issued a buy rating and a $1,001.00 price target for the company. Robert W. Baird increased their price target on TransDigm Group from $960.00 to $1,013.00 in a research note on Wednesday, August 9th. Wells Fargo & Company increased their price target on TransDigm Group from $840.00 to $910.00 and gave the stock an equal weight rating in a research note on Tuesday, August 15th. Finally, StockNews.com cut TransDigm Group from a buy rating to a hold rating in a research note on Friday, September 29th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has an average rating of Moderate Buy and a consensus target price of $997.54.

TransDigm Group Trading Up 2.0 %

TDG stock opened at $992.50 on Friday. The firm has a market cap of $54.77 billion, a P/E ratio of 45.07, a P/E/G ratio of 1.35 and a beta of 1.38. TransDigm Group has a 12-month low of $598.00 and a 12-month high of $996.25. The stock’s 50 day simple moving average is $859.85 and its 200 day simple moving average is $849.81.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.93. TransDigm Group had a negative return on equity of 52.65% and a net margin of 19.70%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $4.74 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, research analysts forecast that TransDigm Group will post 28.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 20th will be paid a dividend of $35.00 per share. The ex-dividend date is Friday, November 17th. This is a boost from TransDigm Group’s previous special dividend of $22.00.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $853.76, for a total transaction of $2,561,280.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,073,536. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $853.76, for a total transaction of $2,561,280.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,073,536. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sarah Wynne sold 5,420 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $883.16, for a total value of $4,786,727.20. Following the sale, the chief financial officer now directly owns 700 shares of the company’s stock, valued at $618,212. The disclosure for this sale can be found here. Insiders sold a total of 38,442 shares of company stock valued at $33,770,866 over the last three months. Insiders own 7.18% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently bought and sold shares of TDG. West Tower Group LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of TransDigm Group during the 1st quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter worth about $36,000. Valley National Advisers Inc. purchased a new stake in shares of TransDigm Group during the 2nd quarter worth about $42,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter worth about $30,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

About TransDigm Group

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.