TransDigm Group (NYSE:TDG) PT Raised to $1,200.00

TransDigm Group (NYSE:TDG) had its price target hoisted by Stifel Nicolaus from $1,100.00 to $1,200.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 1.11% from the stock’s previous close.

A number of other brokerages have also weighed in on TDG. Susquehanna boosted their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Citigroup upped their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, Barclays upped their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Six 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, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,163.27.

TransDigm Group Stock Performance

Shares of TDG opened at $1,213.50 on Wednesday. The firm has a market cap of $67.48 billion, a price-to-earnings ratio of 51.51, a PEG ratio of 2.49 and a beta of 1.42. TransDigm Group has a 52-week low of $741.74 and a 52-week high of $1,248.39. The business’s fifty day moving average is $1,191.38 and its 200-day moving average is $1,043.56.

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

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock valued at $69,840,358 in the last ninety days. 4.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC lifted its holdings in shares of TransDigm Group by 12.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $672,000 after purchasing an additional 61 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in TransDigm Group by 1.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $735,000 after acquiring an additional 11 shares in the last quarter. Red Door Wealth Management LLC lifted its stake in TransDigm Group by 5.2% during the 1st quarter. Red Door Wealth Management LLC now owns 6,757 shares of the aerospace company’s stock valued at $8,322,000 after acquiring an additional 332 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in TransDigm Group during the 1st quarter valued at $325,000. Finally, Pinnacle Bancorp Inc. lifted its stake in TransDigm Group by 47.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 183 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 59 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

About TransDigm Group

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.