TransDigm Group (NYSE:TDG) Price Target Increased to $1,200.00 by Analysts at Stifel Nicolaus

TransDigm Group (NYSE:TDG) had its price objective raised by Stifel Nicolaus from $1,100.00 to $1,200.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other research firms also recently commented on TDG. Barclays boosted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an overweight rating in a report on Monday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a report on Wednesday, March 27th. StockNews.com raised shares of TransDigm Group from a hold rating to a buy rating in a report on Tuesday, April 9th. The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a buy rating in a report on Tuesday. Finally, Royal Bank of Canada lifted their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,163.27.

TransDigm Group Stock Up 0.2 %

Shares of NYSE:TDG opened at $1,225.70 on Wednesday. The company has a market cap of $68.16 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 2.49 and a beta of 1.42. The firm’s 50-day simple moving average is $1,189.68 and its 200-day simple moving average is $1,042.37. TransDigm Group has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.15 earnings per share. On average, research analysts forecast that TransDigm Group will post 29.03 EPS for the current year.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,105,728. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last 90 days. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TDG. Private Advisor Group LLC grew its holdings in TransDigm Group by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 183 shares in the last quarter. Acadian Asset Management LLC increased its stake in TransDigm Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock valued at $519,000 after buying an additional 320 shares during the period. Panagora Asset Management Inc. grew its stake in shares of TransDigm Group by 99.1% in the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after purchasing an additional 1,163 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TransDigm Group by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of TransDigm Group by 7.3% in the 1st quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after purchasing an additional 2,020 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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.