TransDigm Group (NYSE:TDG) Price Target Raised to $1,555.00

TransDigm Group (NYSE:TDG) had its target price upped by analysts at JPMorgan Chase & Co. from $1,435.00 to $1,555.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.72% from the company’s current price.

TDG has been the topic of several other reports. Jefferies Financial Group dropped their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,448.41.

TransDigm Group Stock Up 0.5 %

TransDigm Group stock traded up $6.77 during trading hours on Monday, hitting $1,417.19. The stock had a trading volume of 21,936 shares, compared to its average volume of 216,813. The stock’s 50-day moving average price is $1,339.33 and its 200-day moving average price is $1,298.21. The stock has a market capitalization of $79.30 billion, a P/E ratio of 56.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. TransDigm Group has a 12-month low of $811.42 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $6.55 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts expect that TransDigm Group will post 30.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,472 shares of company stock worth $23,941,840 over the last three months. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. Vanguard Group Inc. boosted its holdings in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Capital World Investors boosted its stake in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the last quarter. Capital Research Global Investors boosted its stake in TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in TransDigm Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after acquiring an additional 9,180 shares during the last quarter. Institutional investors 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.