TransDigm Group (NYSE:TDG) Given New $1,400.00 Price Target at TD Cowen

TransDigm Group (NYSE:TDG) had its target price raised by TD Cowen from $1,300.00 to $1,400.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other equities analysts have also recently commented on the company. Barclays increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a report on Monday, February 12th. Truist Financial increased their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the company a buy rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a report on Wednesday, March 27th. Stifel Nicolaus increased 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. Finally, UBS Group increased their price target on TransDigm Group from $1,302.00 to $1,403.00 and gave the company a neutral rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has a consensus rating of Moderate Buy and a consensus price target of $1,311.81.

TransDigm Group Stock Performance

TDG stock traded up $3.86 during midday trading on Wednesday, reaching $1,318.86. The stock had a trading volume of 226,273 shares, compared to its average volume of 210,936. The firm has a fifty day simple moving average of $1,217.21 and a two-hundred day simple moving average of $1,083.86. The stock has a market cap of $73.34 billion, a PE ratio of 56.21, a P/E/G ratio of 2.63 and a beta of 1.40. TransDigm Group has a 52-week low of $768.05 and a 52-week high of $1,330.38.

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, 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 business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $5.39 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

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

Institutional Trading of TransDigm Group

Several hedge funds have recently modified their holdings of TDG. Deutsche Bank AG raised its stake in shares of TransDigm Group by 1,947.8% in 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 acquiring an additional 3,225,771 shares in the last quarter. Norges Bank acquired a new stake in TransDigm Group in the fourth quarter valued at $790,822,000. JPMorgan Chase & Co. raised its stake in TransDigm Group by 46.1% in the third 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 in the last quarter. Cerity Partners LLC raised its stake in TransDigm Group by 34,288.0% in the fourth 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 in the last quarter. Finally, FMR LLC raised its stake in TransDigm Group by 9.0% in the third 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 in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.