TransDigm Group (NYSE:TDG) Given New $1,400.00 Price Target at TD Cowen

TransDigm Group (NYSE:TDG) had its target price increased by TD Cowen from $1,300.00 to $1,400.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus upped their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a hold rating in a research report on Wednesday, April 17th. Susquehanna increased their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a neutral rating in a research report on Wednesday. Barclays increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an overweight rating in a research report on Monday, February 12th. KeyCorp increased their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an overweight rating in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a neutral rating in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of Moderate Buy and an average target price of $1,311.81.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $3.86 during trading on Wednesday, reaching $1,318.86. 226,273 shares of the stock were exchanged, compared to its average volume of 210,936. TransDigm Group has a 1-year low of $768.05 and a 1-year high of $1,330.38. The stock has a fifty day moving average of $1,217.21 and a two-hundred day moving average of $1,083.86. The firm has a market cap of $73.34 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued 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. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $5.39 earnings per share. TransDigm Group’s revenue for the quarter was up 20.5% on a year-over-year basis. Sell-side analysts forecast that TransDigm Group will post 29.08 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director Jorge Valladares sold 578 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, Director Jorge Valladares sold 578 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after buying an additional 104,433 shares in the last quarter. Deutsche Bank AG grew its position in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the last quarter. Capital World Investors grew its position in TransDigm Group by 4.0% during the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock worth $3,129,240,000 after acquiring an additional 120,058 shares during the last quarter. FMR LLC grew its position in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after acquiring an additional 136,834 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after acquiring an additional 349,409 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other 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.