TransDigm Group (NYSE:TDG) PT Raised to $1,518.00 at The Goldman Sachs Group

TransDigm Group (NYSE:TDG) had its price target increased by The Goldman Sachs Group from $1,285.00 to $1,518.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 23.85% from the company’s previous close.

A number of other research firms also recently weighed in on TDG. Royal Bank of Canada raised their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. KeyCorp lifted their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Citigroup lifted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,163.27.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,225.70 on Tuesday. The stock has a market capitalization of $68.16 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 2.46 and a beta of 1.42. TransDigm Group has a 1-year low of $741.74 and a 1-year high of $1,248.39. The company has a 50 day moving average price of $1,189.68 and a 200 day moving average price of $1,042.37.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $4.15 earnings per share. On average, sell-side analysts expect that TransDigm Group will post 29.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, 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. Over the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. Insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group in the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group in the fourth quarter valued at approximately $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in TransDigm Group in the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC purchased a new stake in TransDigm Group in the fourth quarter valued at approximately $30,000. Finally, Optiver Holding B.V. purchased a new stake in TransDigm Group in the third quarter valued at approximately $35,000. 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.