JPMorgan Chase & Co. Boosts TransDigm Group (NYSE:TDG) Price Target to $1,175.00

TransDigm Group (NYSE:TDG) had its target price boosted by JPMorgan Chase & Co. from $1,050.00 to $1,175.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

Several other equities research analysts also recently weighed in on TDG. Susquehanna increased their price target 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. William Blair initiated coverage on shares of TransDigm Group in a research note on Tuesday, December 12th. They set an outperform rating on the stock. StockNews.com raised shares of TransDigm Group from a hold rating to a buy rating in a research note on Tuesday, March 19th. Barclays increased their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an overweight rating in a research note on Monday, February 12th. Finally, Stifel Nicolaus increased their target price 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $1,119.00.

TransDigm Group Stock Performance

Shares of TDG opened at $1,231.60 on Wednesday. The business’s 50-day moving average is $1,154.62 and its two-hundred day moving average is $1,005.85. The company has a market capitalization of $68.49 billion, a P/E ratio of 52.28, a P/E/G ratio of 2.52 and a beta of 1.42. TransDigm Group has a fifty-two week low of $714.98 and a fifty-two week high of $1,238.95.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $4.15 EPS. Analysts forecast that TransDigm Group will post 29.03 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 38,863 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $21,872,297.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $21,872,297.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,480 shares of company stock valued at $100,102,829. 4.96% of the stock is owned by corporate insiders.

Institutional Trading of TransDigm Group

Hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. raised its holdings in TransDigm Group by 4.7% in the 2nd quarter. Baird Financial Group Inc. now owns 4,175 shares of the aerospace company’s stock valued at $3,733,000 after acquiring an additional 186 shares during the last quarter. Fund Management at Engine No. 1 LLC increased its holdings in shares of TransDigm Group by 7.9% during the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 679 shares of the aerospace company’s stock worth $607,000 after buying an additional 50 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of TransDigm Group by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after buying an additional 114 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $1,421,000. Finally, Hixon Zuercher LLC increased its holdings in shares of TransDigm Group by 10.1% during the 4th quarter. Hixon Zuercher LLC now owns 2,283 shares of the aerospace company’s stock worth $2,309,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds 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.