TransDigm Group (NYSE:TDG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

TransDigm Group (NYSE:TDG) had its target price lifted by stock analysts at Wells Fargo & Company from $1,500.00 to $1,580.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 13.28% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,394.83 on Tuesday. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a market cap of $78.23 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business’s fifty day moving average price is $1,341.20 and its two-hundred day moving average price is $1,328.69.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Hedge funds have recently made changes to their positions in the business. Prospera Financial Services Inc bought a new position in TransDigm Group in the 3rd quarter worth approximately $207,000. Cerity Partners LLC boosted its position in TransDigm Group by 39.1% during the 3rd quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock worth $10,373,000 after acquiring an additional 2,043 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock worth $9,901,000 after purchasing an additional 888 shares in the last quarter. DRW Securities LLC acquired a new position in shares of TransDigm Group during the third quarter valued at $701,000. Finally, Dai ichi Life Insurance Company Ltd raised its stake in shares of TransDigm Group by 18.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company’s stock valued at $15,135,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

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.