Analysts Set TransDigm Group Incorporated (NYSE:TDG) PT at $1,403.88

Shares of TransDigm Group Incorporated (NYSE:TDG) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1,410.13.

TDG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Thursday. Barclays raised their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Susquehanna increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, Robert W. Baird increased their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th.

TransDigm Group Stock Down 0.9 %

Shares of TDG opened at $1,277.61 on Thursday. The firm has a fifty day simple moving average of $1,303.77 and a two-hundred day simple moving average of $1,185.66. TransDigm Group has a twelve month low of $802.46 and a twelve month high of $1,369.57. The stock has a market capitalization of $71.50 billion, a P/E ratio of 50.68, a PEG ratio of 2.18 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. TransDigm Group’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.39 earnings per share. Sell-side analysts expect that TransDigm Group will post 30.04 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,833 shares of company stock worth $131,249,183. Corporate insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

A number of large investors have recently added to or reduced their stakes in TDG. Vanguard Group Inc. grew its holdings in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares during the period. Capital World Investors grew its stake in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the period. Capital Research Global Investors increased its position in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after purchasing an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Norges Bank purchased a new position in shares of TransDigm Group in the fourth quarter worth approximately $790,822,000. 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.