TransDigm Group (NYSE:TDG) Given New $1,425.00 Price Target at Truist Financial

TransDigm Group (NYSE:TDG) had its price target boosted by Truist Financial from $1,267.00 to $1,425.00 in a research report released on Wednesday morning, Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other equities analysts have also weighed in on TDG. Robert W. Baird increased their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an outperform rating in a research note on Wednesday. Royal Bank of Canada increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research note on Friday, February 9th. UBS Group increased their target price on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a neutral rating in a research note on Wednesday. StockNews.com upgraded TransDigm Group from a hold rating to a buy rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group presently has an average rating of Moderate Buy and an average target price of $1,289.94.

TransDigm Group Trading Up 0.6 %

Shares of TDG traded up $7.25 during mid-day trading on Wednesday, reaching $1,322.25. The company’s stock had a trading volume of 40,875 shares, compared to its average volume of 208,699. TransDigm Group has a 1-year low of $768.05 and a 1-year high of $1,328.15. The stock has a market cap of $73.53 billion, a P/E ratio of 55.81, a PEG ratio of 2.63 and a beta of 1.40. The business has a 50-day simple moving average of $1,217.21 and a two-hundred day simple moving average of $1,083.86.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm posted $5.39 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. Research analysts anticipate that TransDigm Group will post 29.08 EPS for the current year.

Insider Activity

In other news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction 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 transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction on 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 sale, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were 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 directly owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,087 shares of company stock worth $69,840,358. Insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the period. Deutsche Bank AG lifted its holdings in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after buying an additional 3,225,771 shares during the period. Capital World Investors lifted its holdings in TransDigm Group by 4.0% during the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock worth $3,129,240,000 after buying an additional 120,058 shares during the period. FMR LLC lifted its holdings in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after buying an additional 136,834 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after buying an additional 349,409 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

About TransDigm Group

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.