TransDigm Group (NYSE:TDG) Given New $1,200.00 Price Target at Stifel Nicolaus

TransDigm Group (NYSE:TDG) had its target price boosted by Stifel Nicolaus from $1,100.00 to $1,200.00 in a research report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the aerospace company’s stock.

A number of other analysts have also recently commented on the company. Susquehanna lifted their price target 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. Barclays lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an overweight rating in a research report on Monday, February 12th. Truist Financial lifted their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a buy rating in a research report on Friday, February 9th. Citigroup lifted their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Finally, StockNews.com raised TransDigm Group from a hold rating to a buy rating in a report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $1,163.27.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,187.08 on Wednesday. The stock has a market capitalization of $66.01 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.42. TransDigm Group has a 1-year low of $741.74 and a 1-year high of $1,248.39. The business has a fifty day moving average price of $1,192.72 and a 200-day moving average price of $1,046.08.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $4.15 EPS. The business’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities research analysts anticipate that TransDigm Group will post 29.03 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction dated 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 completion of 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 document filed with the SEC, which is available through the SEC website. In related news, Director Jorge Valladares sold 578 shares of TransDigm Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $12,980,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 4,879 shares of the company’s stock, 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 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in TransDigm Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,988,840 shares of the aerospace company’s stock worth $6,058,311,000 after buying an additional 85,826 shares in the last quarter. Deutsche Bank AG increased its stake 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 in the last quarter. Capital World Investors increased its stake 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 in the last quarter. FMR LLC grew its position in shares of 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 purchasing an additional 136,834 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 349,409 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.