UBS Group Boosts TransDigm Group (NYSE:TDG) Price Target to $1,466.00

TransDigm Group (NYSE:TDG) had its price objective raised by UBS Group from $1,403.00 to $1,466.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

Several other brokerages have also recently commented on TDG. Truist Financial boosted their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a buy rating in a report on Wednesday, May 8th. KeyCorp upped their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an overweight rating in a report on Tuesday, May 28th. Royal Bank of Canada reaffirmed an outperform rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Thursday, June 27th. Bank of America upped their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a buy rating in a report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $1,414.06.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,283.50 on Monday. TransDigm Group has a 1 year low of $802.46 and a 1 year high of $1,369.57. The firm has a market capitalization of $71.82 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. The stock has a fifty day moving average of $1,306.39 and a two-hundred day moving average of $1,191.47.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.39 earnings per share. Equities research analysts predict that TransDigm Group will post 30.04 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock valued at $131,249,183 in the last three months. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group during the fourth quarter valued at $25,000. ORG Partners LLC acquired a new stake in shares of TransDigm Group during the 1st quarter valued at about $30,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group in the 4th quarter valued at approximately $26,000. Central Pacific Bank Trust Division acquired a new position in TransDigm Group in the first quarter worth approximately $39,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares in the last quarter. 95.78% of the stock is currently 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.