Wells Fargo & Company Increases TransDigm Group (NYSE:TDG) Price Target to $1,580.00

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

Several other research firms have also issued reports on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a report on Monday, February 24th. Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,477.18.

TransDigm Group Stock Up 0.1 %

TDG opened at $1,394.83 on Tuesday. TransDigm Group has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The stock has a market cap of $78.23 billion, a P/E ratio of 49.20, a PEG ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,341.20 and a 200 day moving average of $1,328.69.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 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 the consensus estimate 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 last year, the business posted $7.16 EPS. Equities analysts anticipate that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was 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 $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company’s stock.

Institutional Trading of TransDigm Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TDG. Prospera Financial Services Inc purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $207,000. Cerity Partners LLC boosted its position in shares of 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 purchasing an additional 2,043 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of TransDigm Group by 14.7% during the 3rd 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 during the period. DRW Securities LLC purchased a new position in shares of TransDigm Group in the 3rd quarter valued at about $701,000. Finally, Dai ichi Life Insurance Company Ltd lifted its stake in shares of TransDigm Group by 18.2% in 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 during the period. 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.