TransDigm Group (NYSE:TDG) Price Target Raised to $1,555.00

TransDigm Group (NYSE:TDG) had its price objective increased by JPMorgan Chase & Co. from $1,435.00 to $1,555.00 in a report issued on Monday, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

A number of other analysts also recently issued reports on TDG. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an overweight rating in a report on Wednesday, August 7th. Susquehanna boosted their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a neutral rating in a report on Wednesday, August 7th. UBS Group cut their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a neutral rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of TransDigm Group from a buy rating to a hold rating in a report on Monday, August 5th. Finally, Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a buy rating for the company in a report on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $1,448.41.

TransDigm Group Stock Performance

Shares of TDG opened at $1,412.15 on Monday. TransDigm Group has a 52 week low of $811.42 and a 52 week high of $1,451.32. The firm has a market cap of $79.02 billion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. The firm’s 50-day simple moving average is $1,343.39 and its 200 day simple moving average is $1,299.49.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.55 EPS. As a group, equities analysts forecast that TransDigm Group will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,472 shares of company stock worth $23,941,840. 4.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Large investors have recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the period. ORG Partners LLC acquired a new stake in shares of TransDigm Group during the first quarter worth $30,000. Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group during the first quarter worth $39,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the second quarter worth $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.