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

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

A number of other analysts have also issued reports on TDG. 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 note on Thursday, April 4th. Royal Bank of Canada lifted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a hold rating in a research report on Wednesday, April 17th. StockNews.com upgraded TransDigm Group from a hold rating to a buy rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $1,289.94.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $7.25 during trading on Wednesday, reaching $1,322.25. The stock had a trading volume of 40,875 shares, compared to its average volume of 208,699. The business has a fifty day moving average price of $1,217.21 and a 200-day moving average price of $1,083.86. The stock has a market cap of $73.53 billion, a PE ratio of 55.81, a PEG ratio of 2.63 and a beta of 1.40. TransDigm Group has a 1-year low of $768.05 and a 1-year high of $1,328.15.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.39 earnings per share. Sell-side analysts expect that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock valued at $69,840,358 in the last ninety days. Insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. Norges Bank acquired a new position in TransDigm Group in the fourth quarter worth about $790,822,000. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 46.1% during 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 during the last quarter. Cerity Partners LLC raised its holdings in shares of TransDigm Group by 34,288.0% during 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 during the last quarter. Finally, FMR LLC raised its holdings in TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

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.