TransDigm Group (NYSE:TDG) Price Target Raised to $1,600.00

TransDigm Group (NYSE:TDG) had its price target increased by equities researchers at Citigroup from $1,563.00 to $1,600.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective would suggest a potential upside of 25.29% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group lowered their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,464.00.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,277.00 on Thursday. The firm has a market cap of $71.81 billion, a P/E ratio of 49.88, a P/E/G ratio of 2.88 and a beta of 1.39. TransDigm Group has a fifty-two week low of $965.69 and a fifty-two week high of $1,451.32. The firm has a 50-day simple moving average of $1,333.48 and a two-hundred day simple moving average of $1,315.97.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is currently owned by company insiders.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Cetera Investment Advisers lifted its holdings in shares of TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after buying an additional 1,907 shares in the last quarter. CWM LLC boosted its holdings in shares of TransDigm Group by 4.6% during the 2nd quarter. CWM LLC now owns 886 shares of the aerospace company’s stock valued at $1,132,000 after purchasing an additional 39 shares during the last quarter. Simplicity Wealth LLC grew its position in shares of TransDigm Group by 2.4% during the second quarter. Simplicity Wealth LLC now owns 1,564 shares of the aerospace company’s stock valued at $1,998,000 after purchasing an additional 37 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of TransDigm Group by 10.3% in the second quarter. OLD National Bancorp IN now owns 514 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 48 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of TransDigm Group by 2.0% in the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock worth $715,000 after buying an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

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.