TransDigm Group (NYSE:TDG) Price Target Raised to $1,518.00

TransDigm Group (NYSE:TDG) had its target price hoisted by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a report issued on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also commented on TDG. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a research report on Wednesday, March 27th. Truist Financial raised their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a research report on Friday, February 9th. Susquehanna raised 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. StockNews.com upgraded 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 price target 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $1,163.27.

TransDigm Group Stock Down 1.0 %

TDG stock opened at $1,213.50 on Tuesday. The business has a fifty day moving average of $1,191.38 and a two-hundred day moving average of $1,043.56. The stock has a market cap of $67.48 billion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth 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.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 earnings per share. As a group, sell-side analysts anticipate that TransDigm Group will post 29.03 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,105,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, 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 this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 in the last ninety days. Insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $26,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of TransDigm Group during the third quarter worth about $27,000. Resurgent Financial Advisors LLC acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $30,000. Finally, Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the third quarter worth about $35,000. 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.