Transdigm Group (NYSE:TDG) Given New $1,795.00 Price Target at Citigroup

Transdigm Group (NYSE:TDG) had its target price raised by Citigroup from $1,635.00 to $1,795.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other analysts have also recently weighed in on the company. KeyCorp increased their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group increased their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price target on the stock. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Finally, Northcoast Research upgraded Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,594.80.

Transdigm Group Stock Up 2.0%

NYSE:TDG opened at $1,574.21 on Monday. The business’s 50 day moving average is $1,455.52 and its two-hundred day moving average is $1,376.68. Transdigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,574.85. The company has a market cap of $88.42 billion, a PE ratio of 53.15, a P/E/G ratio of 3.12 and a beta of 1.04.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $7.99 EPS. Transdigm Group’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Transdigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,677 shares of company stock worth $168,692,614 over the last quarter. Insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On Transdigm Group

Several hedge funds have recently modified their holdings of TDG. Vanguard Group Inc. boosted its stake in shares of Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after acquiring an additional 89,121 shares in the last quarter. Capital World Investors boosted its stake in shares of Transdigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Transdigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. FMR LLC boosted its stake in shares of Transdigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Transdigm Group by 4.8% during the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company’s stock worth $2,421,979,000 after acquiring an additional 87,309 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.