UBS Group Increases TransDigm Group (NYSE:TDG) Price Target to $1,466.00

TransDigm Group (NYSE:TDG) had its price objective upped by UBS Group from $1,403.00 to $1,466.00 in a report issued on Monday morning, Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other research firms have also weighed in on TDG. StockNews.com raised TransDigm Group from a hold rating to a buy rating in a research note on Saturday, May 18th. The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Royal Bank of Canada reaffirmed an outperform rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Thursday, June 27th. Robert W. Baird boosted their price target 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. Finally, Susquehanna boosted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of Moderate Buy and an average price target of $1,414.06.

TransDigm Group Stock Down 1.9 %

NYSE:TDG opened at $1,252.72 on Monday. The company has a market capitalization of $70.10 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. TransDigm Group has a 52-week low of $802.46 and a 52-week high of $1,369.57. The stock has a fifty day simple moving average of $1,303.77 and a 200-day simple moving average of $1,186.89.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.39 EPS. As a group, equities analysts anticipate that TransDigm Group will post 30.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,674,906.16. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock valued at $131,249,183 over the last three months. Company insiders own 4.96% of the company’s stock.

Institutional Trading of TransDigm Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the fourth quarter worth approximately $26,000. ORG Partners LLC acquired a new position in TransDigm Group during the first quarter worth approximately $30,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group during the fourth quarter worth approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds 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.