Transdigm Group (NYSE:TDG) Price Target Raised to $1,350.00

Transdigm Group (NYSE:TDG) had its price target raised by TD Cowen from $1,300.00 to $1,350.00 in a report released on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

TDG has been the topic of several other research reports. Morgan Stanley dropped their price objective on Transdigm Group from $1,400.00 to $1,300.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. The Goldman Sachs Group reduced their price objective on Transdigm Group from $1,972.00 to $1,745.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Guggenheim started coverage on Transdigm Group in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. BMO Capital Markets dropped their price target on Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Finally, Wells Fargo & Company cut their price target on Transdigm Group from $1,450.00 to $1,210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,431.13.

Transdigm Group Price Performance

Transdigm Group stock opened at $1,215.81 on Wednesday. The stock has a market cap of $66.37 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The firm has a 50-day moving average of $1,135.80 and a two-hundred day moving average of $1,217.95. Transdigm Group has a 1 year low of $1,071.25 and a 1 year high of $1,463.03.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, November 10th. The aerospace company reported $12.44 EPS for the quarter, topping analysts’ consensus estimates of $12.21 by $0.23. Transdigm Group had a net margin of 19.94% and a negative return on equity of 24.14%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $10.82 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Transdigm Group has set its FY 2027 guidance at 47.090-47.940 EPS. Research analysts expect that Transdigm Group will post 44.94 earnings per share for the current year.

Insider Activity at Transdigm Group

In other news, Director W. Howley sold 10,132 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the sale, the director owned 21,548 shares in the company, valued at $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 4,100 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,060,944. This trade represents a 53.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 22,032 shares of company stock valued at $26,250,979. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Transdigm Group in the second quarter valued at approximately $6,489,039,000. State Street Corp grew its stake in shares of Transdigm Group by 1.7% during the 2nd quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock worth $3,408,818,000 after purchasing an additional 42,490 shares during the period. Soroban Capital Partners LP grew its stake in shares of Transdigm Group by 14.5% during the 1st quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock worth $992,298,000 after purchasing an additional 108,227 shares during the period. Aberdeen Group plc increased its holdings in shares of Transdigm Group by 1,057.7% during the 3rd quarter. Aberdeen Group plc now owns 473,445 shares of the aerospace company’s stock valued at $512,552,000 after purchasing an additional 432,551 shares in the last quarter. Finally, Stockbridge Partners LLC purchased a new position in shares of Transdigm Group during the 2nd quarter valued at approximately $578,480,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

About Transdigm Group

TransDigm Group Incorporated designs, produces and supplies highly engineered components for the aerospace industry. Its products include mechanical and electromechanical systems, pumps, valves, ignition systems, batteries, power-conditioning devices and cockpit components. The company serves commercial, military and business aviation markets, supplying components for both original aircraft production and the aftermarket. Its products are used on aircraft operated around the world, and its aftermarket business provides replacement parts and related support.