TransDigm Group (NYSE:TDG) Given New $1,325.00 Price Target at Stifel Nicolaus

TransDigm Group (NYSE:TDGFree Report) had its price objective boosted by Stifel Nicolaus from $1,300.00 to $1,325.00 in a research note published on Friday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Other analysts have also recently issued reports about the company. Morgan Stanley lifted their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the company an overweight rating in a research note on Thursday, May 9th. Susquehanna upped their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a neutral rating in a report on Wednesday, May 8th. TD Cowen raised their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a buy rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Finally, Bank of America raised their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group has an average rating of Moderate Buy and an average price target of $1,371.19.

Check Out Our Latest Stock Report on TransDigm Group

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,309.79 on Friday. TransDigm Group has a 1-year low of $794.72 and a 1-year high of $1,369.57. The firm has a market capitalization of $73.30 billion, a PE ratio of 51.96, a P/E/G ratio of 2.27 and a beta of 1.39. The business’s fifty day moving average price is $1,275.12 and its two-hundred day moving average price is $1,148.52.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $5.39 EPS. TransDigm Group’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that TransDigm Group will post 29.93 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were 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 $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders bought 3 shares of company stock valued at $1,690 and sold 29,198 shares valued at $36,415,346. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% in the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. Norges Bank acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $790,822,000. Capital World Investors grew its position in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of TransDigm Group by 34,288.0% in the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock valued at $208,025,000 after purchasing an additional 205,042 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

About TransDigm Group

(Get Free Report)

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.

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Analyst Recommendations for TransDigm Group (NYSE:TDG)

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