Brokerages Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,465.47

Shares of TransDigm Group Incorporated (NYSE:TDG) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $1,465.47.

TDG has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped 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 research report on Monday, October 14th.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,290.61 on Thursday. The firm has a market cap of $72.57 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The business has a 50-day simple moving average of $1,305.89 and a two-hundred day simple moving average of $1,310.33. TransDigm Group has a fifty-two week low of $972.08 and a fifty-two week high of $1,451.32.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s 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 value of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,525 shares of company stock worth $88,134,141 in the last three months. 4.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. State Street Corp lifted its position in TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the last quarter. FMR LLC lifted its holdings in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares during the last quarter. Geode Capital Management LLC grew its position in TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Windacre Partnership LLC increased its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the period. 95.78% of the stock is currently owned by institutional investors.

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.