TransDigm Group (NYSE:TDG) Given New $1,645.00 Price Target at UBS Group

TransDigm Group (NYSE:TDG) had its price target upped by UBS Group from $1,451.00 to $1,645.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other brokerages have also commented on TDG. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial lowered their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,490.20.

TransDigm Group Stock Down 0.9 %

NYSE TDG opened at $1,372.20 on Wednesday. The business’s fifty day simple moving average is $1,353.73 and its 200-day simple moving average is $1,321.93. The firm has a market cap of $76.96 billion, a PE ratio of 48.40, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $7.99 EPS. Research analysts expect that TransDigm Group will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,135 shares of company stock worth $240,122,586 in the last quarter. 4.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC boosted its holdings in shares of TransDigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after buying an additional 10 shares in the last quarter. Winch Advisory Services LLC boosted its stake in TransDigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 7 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont increased its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of TransDigm Group in the 4th quarter valued at about $32,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.