TransDigm Group (NYSE:TDG – Get Free Report) had its target price raised by analysts at Truist Financial from $1,044.00 to $1,158.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective suggests a potential upside of 15.03% from the stock’s previous close.
Several other research firms also recently commented on TDG. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus started coverage on shares of TransDigm Group in a research report on Friday, December 1st. They issued a “hold” rating and a $1,000.00 target price for the company. Alembic Global Advisors downgraded shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 15th. William Blair started coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They set an “outperform” rating for the company. Finally, Morgan Stanley upped their price objective on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,005.86.
Check Out Our Latest Analysis on TransDigm Group
TransDigm Group Price Performance
TDG traded up $6.59 on Wednesday, reaching $1,006.71. 8,473 shares of the company traded hands, compared to its average volume of 202,024. The stock’s 50 day moving average price is $971.43 and its 200-day moving average price is $904.79. TransDigm Group has a 52-week low of $659.59 and a 52-week high of $1,018.50. The company has a market cap of $55.68 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.04 and a beta of 1.44.
TransDigm Group (NYSE:TDG – Get Free Report) last posted its earnings results on Thursday, November 9th. The aerospace company reported $8.03 EPS for the quarter, topping the consensus estimate of $7.10 by $0.93. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.74 earnings per share. As a group, equities research analysts forecast that TransDigm Group will post 30.01 earnings per share for the current fiscal year.
Insider Activity at TransDigm Group
In related news, Director Jorge Valladares sold 3,141 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $11,019,030. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $862.38, for a total value of $2,587,140.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,104,568. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jorge Valladares sold 3,141 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $11,019,030. The disclosure for this sale can be found here. Insiders sold a total of 112,167 shares of company stock worth $109,871,524 in the last ninety days. 7.18% of the stock is currently owned by insiders.
Hedge Funds Weigh In On TransDigm Group
A number of hedge funds have recently made changes to their positions in the business. Daymark Wealth Partners LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $229,000. BNC Wealth Management LLC acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $3,483,000. Wedmont Private Capital increased its position in shares of TransDigm Group by 26.8% during the 4th quarter. Wedmont Private Capital now owns 649 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 137 shares in the last quarter. Bennett Selby Investments LP acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $330,000. Finally, Czech National Bank increased its position in shares of TransDigm Group by 0.4% during the 4th quarter. Czech National Bank now owns 9,687 shares of the aerospace company’s stock worth $9,799,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds 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.
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