TransDigm Group (NYSE:TDG) Price Target Raised to $1,435.00 at JPMorgan Chase & Co.

TransDigm Group (NYSE:TDG) had its price target boosted by JPMorgan Chase & Co. from $1,350.00 to $1,435.00 in a research note released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the aerospace company’s stock.

A number of other equities research analysts also recently commented on the company. Susquehanna lifted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a neutral rating in a research report on Wednesday, August 7th. Jefferies Financial Group lowered their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a buy rating for the company in a research report on Tuesday, August 13th. TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a buy rating in a report on Wednesday, May 8th. Northcoast Research initiated coverage on TransDigm Group in a report on Thursday, August 1st. They issued a neutral rating on the stock. Finally, Truist Financial lifted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a buy rating in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $1,438.24.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,350.62 on Wednesday. The company has a market capitalization of $75.78 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 2.17 and a beta of 1.42. TransDigm Group has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83. The stock has a fifty day moving average of $1,275.06 and a two-hundred day moving average of $1,261.02.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.55 earnings per share. On average, analysts forecast that TransDigm Group will post 30.57 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 30,000 shares of TransDigm Group stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, the director now directly owns 112,381 shares of the company’s stock, valued at $148,776,710.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the completion of the sale, the director now directly owns 112,381 shares of the company’s stock, valued at $148,776,710.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,783 shares of company stock valued at $131,907,116. 4.96% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after buying an additional 762 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after purchasing an additional 3,458 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $1,909,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of TransDigm Group by 9.4% during the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after purchasing an additional 3,120 shares during the last quarter. 95.78% of the stock is 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.