TransDigm Group (NYSE:TDG) Price Target Raised to $1,540.00 at Wells Fargo & Company

TransDigm Group (NYSE:TDG) had its price objective raised by research analysts at Wells Fargo & Company from $1,375.00 to $1,540.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.23% from the stock’s previous close.

A number of other research firms also recently issued reports on TDG. UBS Group raised their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna raised their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,490.20.

TransDigm Group Stock Performance

NYSE TDG opened at $1,372.20 on Thursday. TransDigm Group has a one year low of $1,176.31 and a one year high of $1,488.54. The stock has a 50-day moving average of $1,353.73 and a 200 day moving average of $1,321.93. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company earned $7.99 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts predict that TransDigm Group will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 49,241 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $31,801,615.80. The trade was a 69.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,135 shares of company stock worth $240,122,586. Corporate insiders own 4.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Winch Advisory Services LLC increased its holdings in shares of TransDigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after buying an additional 7 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC raised its position in TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC lifted its stake in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 8 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of TransDigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 8 shares during the period. 95.78% of the stock is currently owned by 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.