Wells Fargo & Company Cuts Transdigm Group (NYSE:TDG) Price Target to $1,210.00

Transdigm Group (NYSE:TDG) had its price target cut by Wells Fargo & Company from $1,450.00 to $1,210.00 in a report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the aerospace company’s stock.

A number of other research analysts have also recently weighed in on TDG. UBS Group boosted their price objective on shares of Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Transdigm Group in a report on Wednesday, September 16th. JPMorgan Chase & Co. dropped their price target on shares of Transdigm Group from $1,450.00 to $1,415.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Stifel Nicolaus reiterated a “hold” rating and set a $1,405.00 price target (down from $1,525.00) on shares of Transdigm Group in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transdigm Group in a report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,444.87.

Transdigm Group Price Performance

NYSE:TDG opened at $1,090.81 on Wednesday. The firm has a market capitalization of $61.01 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.55 and a beta of 0.96. Transdigm Group has a 1 year low of $1,071.25 and a 1 year high of $1,463.03. The business has a 50 day simple moving average of $1,177.65 and a 200-day simple moving average of $1,211.78.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 EPS for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. Transdigm Group had a negative return on equity of 23.65% and a net margin of 19.69%.The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the business earned $9.60 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 40.620-41.460 EPS. As a group, analysts expect that Transdigm Group will post 38.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,094.58, for a total value of $4,268,862.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $3,940,488. This represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W. Howley sold 10,132 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. This represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 28,064 shares of company stock worth $33,947,338. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Transdigm Group

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Transdigm Group during the second quarter worth $6,489,039,000. Stockbridge Partners LLC acquired a new stake in shares of Transdigm Group in the 2nd quarter worth $578,480,000. Primecap Management Co. CA purchased a new position in Transdigm Group during the 2nd quarter worth $546,425,000. The Manufacturers Life Insurance Company purchased a new position in Transdigm Group during the 2nd quarter worth $522,754,000. Finally, Bank of New York Mellon Corp acquired a new position in Transdigm Group during the 2nd quarter valued at about $424,587,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

About Transdigm Group

TransDigm Group Incorporated is an aerospace manufacturing company that designs, produces and supplies highly engineered aircraft components, systems and related products. Its offerings include engine and airframe components, ignition systems, pumps, valves, cockpit and cabin equipment, data and control systems, and other specialized products used on commercial, business, general aviation and military aircraft.

The company serves both original equipment manufacturers and the aftermarket.