Truist Financial Issues Positive Forecast for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG) had its target price raised by equities researchers at Truist Financial from $1,482.00 to $1,534.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target would indicate a potential upside of 18.33% from the company’s previous close.

TDG has been the topic of several other reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup boosted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays restated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $17.90 during trading on Tuesday, hitting $1,296.36. 26,578 shares of the company were exchanged, compared to its average volume of 237,387. The company has a market cap of $72.89 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.89 and a beta of 1.38. TransDigm Group has a 1 year low of $1,017.80 and a 1 year high of $1,451.32. The firm’s fifty day moving average price is $1,280.48 and its 200 day moving average price is $1,305.91.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,053 shares of company stock valued at $76,252,495 over the last three months. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Park Avenue Securities LLC grew its holdings in TransDigm Group by 29.9% during the fourth quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company’s stock worth $1,174,000 after acquiring an additional 213 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in TransDigm Group by 6.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 496 shares of the aerospace company’s stock worth $629,000 after acquiring an additional 29 shares during the period. Oak Thistle LLC grew its holdings in TransDigm Group by 38.0% during the fourth quarter. Oak Thistle LLC now owns 1,129 shares of the aerospace company’s stock worth $1,431,000 after acquiring an additional 311 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of TransDigm Group by 14.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 663 shares of the aerospace company’s stock valued at $840,000 after purchasing an additional 83 shares during the period. Finally, Tuttle Capital Management LLC boosted its position in shares of TransDigm Group by 34.8% in the 4th quarter. Tuttle Capital Management LLC now owns 341 shares of the aerospace company’s stock valued at $432,000 after purchasing an additional 88 shares during the period. 95.78% of the stock is 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.