Citigroup Lowers TransDigm Group (NYSE:TDG) Price Target to $1,563.00

TransDigm Group (NYSE:TDG) had its target price lowered by Citigroup from $1,648.00 to $1,563.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

TDG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Susquehanna upped their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Down 3.5 %

NYSE TDG traded down $48.35 during trading hours on Wednesday, hitting $1,334.25. 153,816 shares of the stock were exchanged, compared to its average volume of 214,837. The company has a market cap of $74.87 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43. TransDigm Group has a 12-month low of $886.76 and a 12-month high of $1,451.32. The stock has a 50-day moving average of $1,369.27 and a 200 day moving average of $1,315.00.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.55 earnings per share. On average, equities research analysts expect that TransDigm Group will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is owned by insiders.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently bought and sold shares of the stock. Souders Financial Advisors raised its stake in TransDigm Group by 1.1% during the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares during the period. Bennett Selby Investments LP raised its stake in shares of TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 8 shares during the period. Meeder Advisory Services Inc. raised its stake in shares of TransDigm Group by 1.2% in the 1st quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after acquiring an additional 9 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of TransDigm Group by 1.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock valued at $940,000 after acquiring an additional 9 shares during the period. Finally, Csenge Advisory Group raised its stake in shares of TransDigm Group by 0.3% in the 2nd quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.