Analysts Set TransDigm Group Incorporated (NYSE:TDG) Price Target at $1,452.00

Shares of TransDigm Group Incorporated (NYSE:TDG) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $1,455.00.

TDG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,292.62 on Monday. The company has a market cap of $72.68 billion, a PE ratio of 50.49, a P/E/G ratio of 2.89 and a beta of 1.38. The stock’s 50-day moving average is $1,279.71 and its 200 day moving average is $1,306.06. TransDigm Group has a 1 year low of $1,017.80 and a 1 year high of $1,451.32.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,525 shares of company stock valued at $108,692,621. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Windacre Partnership LLC increased its position in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group in the second quarter worth approximately $210,806,000. International Assets Investment Management LLC grew its position in TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the period. Finally, Point72 Asset Management L.P. raised its position in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after acquiring an additional 48,769 shares during the period. 95.78% of the stock is owned by institutional investors.

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.