TransDigm Group (NYSE:TDG) PT Raised to $1,425.00 at Truist Financial

TransDigm Group (NYSE:TDG) had its target price increased by equities research analysts at Truist Financial from $1,267.00 to $1,425.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target would suggest a potential upside of 8.28% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Susquehanna raised their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup raised their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus lifted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, UBS Group lifted their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,240.60.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $5.69 during trading hours on Wednesday, hitting $1,316.09. 38,969 shares of the company’s stock traded hands, compared to its average volume of 208,247. TransDigm Group has a 1 year low of $766.00 and a 1 year high of $1,325.36. The business has a fifty day moving average price of $1,217.21 and a 200-day moving average price of $1,083.86. The firm has a market capitalization of $73.19 billion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

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

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock worth $69,840,358 in the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

A number of institutional investors have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group in the 4th quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group in the fourth quarter valued at $26,000. ORG Partners LLC acquired a new position in shares of TransDigm Group in the first quarter valued at approximately $30,000. Optiver Holding B.V. acquired a new position in TransDigm Group during the third quarter worth $35,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in TransDigm Group during the fourth quarter worth $37,000. 95.78% of the stock is currently owned by institutional investors.

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.