Wells Fargo & Company Issues Positive Forecast for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG) had its price objective hoisted by Wells Fargo & Company from $1,500.00 to $1,580.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 13.62% from the stock’s previous close.

Several other research analysts have also recently weighed in on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Trading Up 0.7 %

TransDigm Group stock opened at $1,390.66 on Tuesday. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The stock has a fifty day simple moving average of $1,337.26 and a two-hundred day simple moving average of $1,327.53. The firm has a market cap of $77.99 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that TransDigm Group will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,646,468 over the last three months. Corporate insiders own 4.09% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in TransDigm Group by 26.5% in the 4th quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company’s stock worth $3,066,000 after purchasing an additional 506 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of TransDigm Group by 7,260.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company’s stock worth $64,919,000 after buying an additional 50,531 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of TransDigm Group in the fourth quarter worth about $32,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TransDigm Group during the 4th quarter valued at approximately $31,753,000. Finally, Tiptree Advisors LLC bought a new stake in TransDigm Group in the 4th quarter worth approximately $253,000. Institutional investors own 95.78% of the company’s stock.

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.