TransDigm Group (NYSE:TDG) Price Target Raised to $1,518.00

TransDigm Group (NYSE:TDG) had its price objective upped by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research report report published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Other analysts have also issued research reports about the stock. KeyCorp lifted their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an overweight rating in a research report on Thursday, February 15th. Truist Financial boosted their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a research note on Friday, February 9th. Stifel Nicolaus boosted their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Finally, Susquehanna boosted their target price on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of Moderate Buy and a consensus target price of $1,153.27.

TransDigm Group Price Performance

TDG opened at $1,221.80 on Tuesday. The company’s 50 day simple moving average is $1,188.11 and its two-hundred day simple moving average is $1,041.08. TransDigm Group has a 1-year low of $741.74 and a 1-year high of $1,248.39. The firm has a market capitalization of $67.94 billion, a price-to-earnings ratio of 51.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.15 EPS. On average, equities analysts anticipate that TransDigm Group will post 29.03 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,105,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,105,728. The disclosure for this sale can be found here. Insiders sold a total of 46,087 shares of company stock valued at $53,979,458 over the last ninety days. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its holdings in TransDigm Group by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares in the last quarter. Quent Capital LLC raised its holdings in TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in TransDigm Group by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in TransDigm Group by 14.5% during the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 11 shares in the last quarter. Finally, Alcosta Capital Management Inc. raised its holdings in TransDigm Group by 0.3% during the third quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock worth $2,938,000 after purchasing an additional 12 shares in the last quarter. 95.78% of the stock is 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.