Truist Financial Issues Positive Forecast for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG) had its price objective lifted by investment analysts at Truist Financial from $1,482.00 to $1,534.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price points to a potential upside of 18.67% from the stock’s current price.

TDG has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Trading Down 0.6 %

Shares of TransDigm Group stock opened at $1,292.62 on Tuesday. The stock’s fifty day moving average price is $1,279.71 and its 200-day moving average price is $1,306.06. The firm has a market cap of $72.68 billion, a P/E ratio of 50.49, a P/E/G ratio of 2.89 and a beta of 1.38. TransDigm Group has a 12 month low of $1,017.80 and a 12 month high of $1,451.32.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,525 shares of company stock valued at $108,692,621 in the last ninety days. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of institutional investors have recently modified their holdings of TDG. Oppenheimer & Co. Inc. boosted its stake in shares of TransDigm Group by 20.3% in the second quarter. Oppenheimer & Co. Inc. now owns 1,787 shares of the aerospace company’s stock worth $2,283,000 after buying an additional 301 shares during the last quarter. Parallel Advisors LLC boosted its position in TransDigm Group by 11.0% in the 2nd quarter. Parallel Advisors LLC now owns 424 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 42 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of TransDigm Group by 17.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,553 shares of the aerospace company’s stock valued at $1,984,000 after purchasing an additional 232 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of TransDigm Group by 9.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 72,671 shares of the aerospace company’s stock valued at $92,846,000 after purchasing an additional 6,258 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in TransDigm Group during the second quarter worth $293,000. Hedge funds and other 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.