TransDigm Group (NYSE:TDG) Given New $1,403.00 Price Target at UBS Group

TransDigm Group (NYSE:TDG) had its price objective boosted by UBS Group from $1,302.00 to $1,403.00 in a research note issued to investors on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the aerospace company’s stock.

A number of other brokerages have also recently commented on TDG. Robert W. Baird lifted their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a research note on Wednesday. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a report on Wednesday, March 27th. Truist Financial lifted their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a report on Friday, February 9th. Finally, Susquehanna lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a neutral rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of Moderate Buy and an average target price of $1,289.94.

TransDigm Group Stock Up 0.6 %

TDG traded up $7.25 during trading on Wednesday, hitting $1,322.25. The company’s stock had a trading volume of 40,875 shares, compared to its average volume of 208,699. The firm’s 50 day moving average price is $1,217.21 and its two-hundred day moving average price is $1,083.86. TransDigm Group has a 12 month low of $768.05 and a 12 month high of $1,328.15. The stock has a market capitalization of $73.53 billion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $5.39 EPS. On average, sell-side analysts forecast that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Deutsche Bank AG boosted its stake in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares in the last quarter. Norges Bank bought a new position in TransDigm Group in the 4th quarter valued at approximately $790,822,000. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares during the last quarter. Cerity Partners LLC raised its holdings in 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 buying an additional 205,042 shares during the last quarter. Finally, FMR LLC raised its holdings in TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after buying an additional 136,834 shares during the last quarter. 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.