Truist Financial Increases TransDigm Group (NYSE:TDG) Price Target to $1,425.00

TransDigm Group (NYSE:TDG) had its price objective raised by stock analysts at Truist Financial from $1,267.00 to $1,425.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential upside of 7.85% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Barclays increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. KeyCorp lifted their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Royal Bank of Canada increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group raised their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,311.81.

TransDigm Group Stock Up 0.2 %

Shares of NYSE TDG traded up $2.43 during trading on Wednesday, hitting $1,321.29. 14,106 shares of the company traded hands, compared to its average volume of 208,671. TransDigm Group has a 1 year low of $768.05 and a 1 year high of $1,330.82. The firm has a market capitalization of $73.48 billion, a P/E ratio of 55.98, a P/E/G ratio of 2.63 and a beta of 1.40. The company has a 50-day moving average price of $1,222.89 and a 200-day moving average price of $1,087.09.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $5.39 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts predict that TransDigm Group will post 29.08 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other news, Director Michael Graff sold 3,460 shares of the 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 completion of the transaction, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The shares were 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 $5,406,761.43. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 11 shares of company stock worth $5,950 and sold 59,088 shares worth $69,841,110. 4.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several institutional investors have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group during the fourth quarter worth about $25,000. ORG Partners LLC acquired a new stake in shares of TransDigm Group in the 1st quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group during the 4th quarter worth $26,000. Central Pacific Bank Trust Division acquired a new stake in TransDigm Group in the first quarter valued at about $39,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during 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.