TransDigm Group (NYSE:TDG) Price Target Increased to $1,325.00 by Analysts at KeyCorp

TransDigm Group (NYSE:TDG) had its price target upped by equities research analysts at KeyCorp from $1,220.00 to $1,325.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. KeyCorp’s price objective suggests a potential upside of 6.69% from the company’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Susquehanna raised their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Citigroup boosted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Barclays increased their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Truist Financial upped their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,170.27.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,241.95 on Monday. TransDigm Group has a one year low of $741.74 and a one year high of $1,248.39. The company has a market cap of $69.06 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 2.42 and a beta of 1.42. The firm has a 50 day simple moving average of $1,196.92 and a 200 day simple moving average of $1,054.61.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.15 EPS. As a group, analysts expect that TransDigm Group will post 29.08 EPS for the current year.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on 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 directly 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 can be accessed through this hyperlink. In related news, Director Jorge Valladares sold 578 shares of the business’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 completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 in the last quarter. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransDigm Group

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group in the 4th quarter worth about $26,000. Optiver Holding B.V. bought a new position in TransDigm Group in the 3rd quarter valued at about $35,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group during the 4th quarter valued at about $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares in the last quarter. 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.