TransDigm Group (NYSE:TDG) Price Target Cut to $1,410.00 by Analysts at Wells Fargo & Company

TransDigm Group (NYSE:TDG) had its price target decreased by Wells Fargo & Company from $1,580.00 to $1,410.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on TDG. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Six 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,470.12.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,229.86 on Tuesday. The business’s 50 day simple moving average is $1,337.88 and its 200 day simple moving average is $1,326.41. TransDigm Group has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The company has a market capitalization of $68.98 billion, a P/E ratio of 43.38, a P/E/G ratio of 2.76 and a beta of 1.08.

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

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,594 shares of company stock worth $165,646,468. Company insiders own 4.09% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of TransDigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the period. Norges Bank acquired a new position in TransDigm Group during the 4th quarter worth approximately $973,353,000. Proficio Capital Partners LLC raised its stake in TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after buying an additional 729,930 shares during the period. Edgewood Management LLC bought a new position in TransDigm Group in the fourth quarter worth approximately $399,595,000. Finally, JPMorgan Chase & Co. grew its stake in TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. Institutional investors and hedge funds 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.