The Goldman Sachs Group Raises TransDigm Group (NYSE:TDG) Price Target to $1,518.00

TransDigm Group (NYSE:TDG) had its target price hoisted by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the stock. KeyCorp lifted their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an overweight rating in a report on Thursday, February 15th. StockNews.com upgraded TransDigm Group from a hold rating to a buy rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Susquehanna lifted their target price on TransDigm Group from $875.00 to $1,100.00 and gave the stock a neutral rating in a research note on Friday, February 9th. Finally, Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a buy rating in a research note on Thursday, April 4th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $1,163.27.

TransDigm Group Price Performance

TDG opened at $1,187.08 on Tuesday. The company has a market capitalization of $66.01 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 2.50 and a beta of 1.42. The firm’s fifty day moving average price is $1,192.72 and its two-hundred day moving average price is $1,046.08. TransDigm Group has a 1 year low of $741.74 and a 1 year high of $1,248.39.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The firm 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 revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.15 EPS. As a group, equities analysts anticipate that TransDigm Group will post 29.03 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director Jorge Valladares sold 578 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $12,980,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jorge Valladares sold 578 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total value of $682,040.00. Following the sale, the director now owns 11,000 shares in the company, valued at $12,980,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,087 shares of company stock worth $69,840,358. Company insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Deutsche Bank AG increased its position in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after buying an additional 3,225,771 shares during the period. Norges Bank bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $790,822,000. Price T Rowe Associates Inc. MD increased its position in shares of TransDigm Group by 128.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after purchasing an additional 459,787 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of TransDigm Group by 34,288.0% in the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after purchasing an additional 205,042 shares during the last quarter. 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.