Wells Fargo & Company Has Lowered Expectations for TransDigm Group (NYSE:TDG) Stock Price

TransDigm Group (NYSE:TDG) had its price target lowered by equities research analysts at Wells Fargo & Company from $1,410.00 to $1,375.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.47% from the stock’s current price.

Several other research analysts also recently commented on the company. Susquehanna lifted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,467.00.

TransDigm Group Trading Down 1.4 %

Shares of TDG stock opened at $1,341.88 on Tuesday. The business’s 50-day moving average price is $1,337.49 and its 200-day moving average price is $1,323.36. TransDigm Group has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm has a market capitalization of $75.26 billion, a price-to-earnings ratio of 47.33, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 EPS. On average, sell-side analysts predict that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $167,165,496 over the last ninety days. 4.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On TransDigm Group

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in TransDigm Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,977 shares of the aerospace company’s stock worth $6,886,000 after acquiring an additional 45 shares during the last quarter. CVA Family Office LLC grew its position in TransDigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 32 shares in the last quarter. Everhart Financial Group Inc. increased its stake in TransDigm Group by 19.1% in the 1st quarter. Everhart Financial Group Inc. now owns 599 shares of the aerospace company’s stock valued at $829,000 after buying an additional 96 shares during the last quarter. Aubrey Capital Management Ltd bought a new position in shares of TransDigm Group during the 1st quarter worth approximately $2,075,000. Finally, Net Worth Advisory Group boosted its stake in shares of TransDigm Group by 93.7% in the 1st quarter. Net Worth Advisory Group now owns 459 shares of the aerospace company’s stock worth $635,000 after buying an additional 222 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

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.