Analysts Set TransDigm Group Incorporated (NYSE:TDG) Target Price at $1,465.47

TransDigm Group Incorporated (NYSE:TDG) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $1,465.47.

Several research analysts have issued reports on TDG shares. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lowered their target price 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. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,525 shares of company stock worth $88,134,141. 4.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TDG. First Personal Financial Services purchased a new stake in shares of TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH acquired a new stake in TransDigm Group in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. grew its position in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC increased its stake in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the second quarter worth $41,000. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Trading Up 1.1 %

TDG stock opened at $1,290.61 on Thursday. The stock has a market cap of $72.57 billion, a PE ratio of 50.41, a P/E/G ratio of 2.89 and a beta of 1.39. TransDigm Group has a 12 month low of $972.08 and a 12 month high of $1,451.32. The company has a 50-day moving average price of $1,305.89 and a 200 day moving average price of $1,310.33.

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.