UBS Group Boosts TransDigm Group (NYSE:TDG) Price Target to $1,466.00

TransDigm Group (NYSE:TDG) had its price objective increased by UBS Group from $1,403.00 to $1,466.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the stock. Bank of America boosted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an overweight rating in a research report on Thursday, May 9th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an equal weight rating in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $1,414.06.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,284.39 on Monday. The firm has a market cap of $71.87 billion, a PE ratio of 50.95, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. The firm’s 50-day simple moving average is $1,305.53 and its 200-day simple moving average is $1,190.82. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.39 EPS. On average, equities analysts predict that TransDigm Group will post 30.04 earnings per share for the current year.

Insider Activity

In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing 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 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders sold 100,833 shares of company stock worth $131,249,183 over the last three months. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of TransDigm Group by 27.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 169 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 36 shares in the last quarter. First Hawaiian Bank acquired a new position in TransDigm Group in the 2nd quarter valued at approximately $1,054,000. GAMMA Investing LLC increased its stake in TransDigm Group by 42.9% in the 2nd quarter. GAMMA Investing LLC now owns 506 shares of the aerospace company’s stock valued at $646,000 after buying an additional 152 shares during the period. DekaBank Deutsche Girozentrale increased its stake in TransDigm Group by 130.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock valued at $35,981,000 after buying an additional 16,578 shares during the period. Finally, Cetera Advisors LLC increased its stake in TransDigm Group by 167.5% in the 1st quarter. Cetera Advisors LLC now owns 1,744 shares of the aerospace company’s stock valued at $2,148,000 after buying an additional 1,092 shares during the period. Hedge funds and other institutional investors 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.