Brokerages Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,096.73

Shares of TransDigm Group Incorporated (NYSE:TDGGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $1,115.00.

A number of research analysts have issued reports on the company. Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Barclays lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Royal Bank of Canada lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Susquehanna boosted their target price on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group boosted their target price on TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a “buy” rating in a research report on Friday, February 9th.

Get Our Latest Research Report on TDG

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $21,872,297.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael Lisman sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,198.50, for a total value of $9,588,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,480 shares of company stock worth $100,102,829. 4.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. boosted its position in shares of TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares in the last quarter. Quent Capital LLC increased its stake in shares of TransDigm Group by 8.8% in the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after purchasing an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of TransDigm Group by 5.9% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after purchasing an additional 10 shares in the last quarter. Venturi Wealth Management LLC increased its stake in TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after buying an additional 11 shares in the last quarter. Finally, Alcosta Capital Management Inc. increased its stake in TransDigm Group by 0.3% during the 3rd quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock worth $2,938,000 after buying an additional 12 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,231.20 on Tuesday. The stock’s 50 day moving average is $1,139.28 and its 200 day moving average is $997.01. The firm has a market cap of $68.46 billion, a P/E ratio of 52.26, a P/E/G ratio of 2.58 and a beta of 1.42. TransDigm Group has a one year low of $689.66 and a one year high of $1,238.34.

TransDigm Group (NYSE:TDGGet Free Report) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm earned $4.15 earnings per share. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities analysts anticipate that TransDigm Group will post 28.98 earnings per share for the current fiscal year.

TransDigm Group Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for TransDigm Group (NYSE:TDG)

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