Wells Fargo & Company Boosts TransDigm Group (NYSE:TDG) Price Target to $1,390.00

TransDigm Group (NYSE:TDG) had its price objective upped by equities researchers at Wells Fargo & Company from $1,260.00 to $1,390.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 5.39% from the stock’s previous close.

A number of other brokerages have also recently issued reports on TDG. UBS Group lifted their target price on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup raised their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group raised their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada raised their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,311.81.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,318.86 on Wednesday. The stock has a market cap of $73.34 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. The business’s fifty day moving average is $1,222.89 and its 200-day moving average is $1,087.09. TransDigm Group has a 1 year low of $768.05 and a 1 year high of $1,330.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.39 EPS. Equities research analysts predict that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,105,728. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. In the last quarter, insiders purchased 11 shares of company stock worth $5,950 and sold 59,088 shares worth $69,841,110. 4.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently modified their holdings of TDG. Vanguard Group Inc. increased its position in TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after acquiring an additional 104,433 shares during the period. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the period. Capital World Investors increased its position in TransDigm Group by 4.0% during the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock worth $3,129,240,000 after acquiring an additional 120,058 shares during the period. FMR LLC increased its position in TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after acquiring an additional 136,834 shares during the period. Finally, JPMorgan Chase & Co. increased its position in TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after acquiring an additional 349,409 shares during the period. Institutional investors own 95.78% of the company’s stock.

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.